Novartis Sets New 1-Year High at $76.58 (NVS)
Novartis (NYSE:NVS) set a new 52-week high during trading on Wednesday, AnalystRatingsNetwork reports. The stock traded as high as $76.58 and last traded at $76.51, with a volume of 440,710 shares. The stock had previously closed at $76.07.
Novartis has a 52 week low of $58.60 and a 52 week high of $76.26. The stock’s 50-day moving average is $73.54 and its 200-day moving average is $72.23. The company has a market cap of $187.1 billion and a P/E ratio of 19.70.
Novartis (NYSE:NVS) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.01. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Novartis will post $5.11 earnings per share for the current fiscal year.
Novartis AG is a Switzerland-based holding that, through its subsidiaries, is engaged in the research, development, manufacture and marketing of healthcare products.
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