Novozymes A/S (OTCMKTS:NVZMY) Stock Crosses Above 50-Day Moving Average – Here’s Why

Novozymes A/S (OTCMKTS:NVZMY)’s stock price passed 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 trading hands.

Analyst Upgrades and Downgrades

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

Novozymes A/S Stock Down 0.8%

The business’s 50 day moving average price is $62.34 and its 200-day moving average price is $65.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.61. The firm has a market capitalization of $28.83 billion, a PE 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.