Otsuka (OTCMKTS:OTSKY) Shares Gap Down – What’s Next?

Otsuka Holdings Co., Ltd. – Unsponsored ADR (OTCMKTS:OTSKYGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $29.70, but opened at $28.80. Otsuka shares last traded at $28.80, with a volume of 1,309 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Otsuka from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Otsuka currently has an average rating of “Strong Buy”.

Get Our Latest Report on OTSKY

Otsuka Trading Down 1.7%

The stock’s 50-day simple moving average is $27.87 and its 200-day simple moving average is $26.43.

Otsuka Company Profile

(Get Free Report)

Otsuka Pharmaceutical Co, Ltd., trading in the U.S. under the ticker OTCMKTS:OTSKY, is a global healthcare company headquartered in Tokyo, Japan. The firm’s core activities span the development, manufacturing and marketing of prescription pharmaceuticals, consumer healthcare products and nutraceuticals. Otsuka focuses its research on areas such as neuroscience, cardiovascular and renal therapies, and oncology, aiming to bring innovative treatments to patients worldwide.

Founded in 1964 by Busaburo Otsuka as a subsidiary of the Otsuka Group, the company has grown into a diversified healthcare enterprise over more than five decades.

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