Otsuka (OTCMKTS:OTSKF) Shares Up 3% – Here’s What Happened

Otsuka Holdings Co., Ltd. (OTCMKTS:OTSKFGet Free Report) shot up 3% on Wednesday . The company traded as high as $61.42 and last traded at $61.42. 200 shares traded hands during trading, a decline of 57% from the average session volume of 467 shares. The stock had previously closed at $59.61.

Otsuka Price Performance

The firm’s fifty day moving average is $57.65 and its 200-day moving average is $53.72.

Otsuka Company Profile

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Otsuka Holdings Co, Ltd., trading on OTC markets as OTSKF, is a global healthcare company headquartered in Tokyo, Japan. Established in 1964 as a research-driven pharmaceutical firm, Otsuka has since evolved into a diversified holding company overseeing operations in pharmaceuticals, nutraceuticals and consumer products. The company operates through a network of subsidiaries, including Otsuka Pharmaceutical Co, Ltd., Otsuka America Pharmaceutical, Inc, and Otsuka Europe, each focusing on drug development, manufacturing and distribution.

In its pharmaceutical division, Otsuka is best known for discovering and commercializing treatments in areas such as psychiatry, oncology and nephrology.

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