Novozymes A/S (OTCMKTS:NVZMY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Novozymes A/S (OTCMKTS:NVZMY) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $62.34 and traded as high as $62.71. Novozymes A/S shares last traded at $61.57, with a volume of 77,384 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Novozymes A/S from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Novozymes A/S Stock Performance

The stock has a 50-day moving average price of $62.34 and a 200 day moving average price of $65.52. The company has a quick ratio of 1.00, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 1.22 and a beta of 1.08.

About Novozymes A/S

Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Denmark, rest of Europe, North America, Asia Pacific, the Middle East, Africa, Latin America, and internationally. The company offers protein solutions for the food and beverage industry. It also offers industrial hygiene, drain openers, hard surface, medical cleaning, septic tanks, ware washing, and professional laundry services.