Bayer Aktiengesellschaft (OTCMKTS:BAYRY) Reaches New 1-Year High – Here’s Why

Bayer Aktiengesellschaft (OTCMKTS:BAYRY – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $15.24 and last traded at $15.2270, with a volume of 978,158 shares traded. The stock had previously closed at $14.41.

Key Stories Impacting Bayer Aktiengesellschaft

Here are the key news stories impacting Bayer Aktiengesellschaft this week:

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Bayer Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Read Our Latest Analysis on Bayer Aktiengesellschaft

Bayer Aktiengesellschaft Price Performance

The company’s 50-day simple moving average is $13.43 and its 200 day simple moving average is $12.56. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $59.89 billion, a P/E ratio of -29.88, a P/E/G ratio of 2.11 and a beta of 0.57.

Bayer Aktiengesellschaft (OTCMKTS:BAYRY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $11.25 billion during the quarter, compared to analyst estimates of $11.21 billion. Bayer Aktiengesellschaft had a positive return on equity of 16.77% and a negative net margin of 3.80%. As a group, sell-side analysts expect that Bayer Aktiengesellschaft will post 1.27 earnings per share for the current fiscal year.

Bayer Aktiengesellschaft Company Profile

(Get Free Report)

Bayer Aktiengesellschaft is a Germany-based life sciences company headquartered in Leverkusen. Founded in 1863 by Friedrich Bayer and Johann Friedrich Weskott, the company develops products in health care and agriculture and serves customers in markets around the world.

Bayer operates through three primary businesses: Pharmaceuticals, Consumer Health and Crop Science. Its Pharmaceuticals segment develops prescription medicines in areas such as cardiovascular disease, women’s health, oncology, hematology and specialty therapies.

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