Novozymes A/S (OTCMKTS:NVZMY) Sees Unusually-High Trading Volume on Analyst Upgrade

Novozymes A/S (OTCMKTS:NVZMY) shares saw unusually-strong trading volume on Friday after Rothschild & Co Redburn upgraded the stock to a strong-buy rating. Approximately 136,923 shares changed hands during trading, an increase of 40% from the previous session’s volume of 97,533 shares.The stock last traded at $58.61 and had previously closed at $57.65.

Novozymes A/S Stock Performance

The firm’s 50 day moving average is $59.32 and its two-hundred day moving average is $61.43. The stock has a market capitalization of $24.45 billion, a PE ratio of 42.13, a P/E/G ratio of 1.07 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 0.72.

Novozymes A/S (OTCMKTS:NVZMY) last released its earnings results on Wednesday, February 25th. The biotechnology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.44). Novozymes A/S had a return on equity of 6.37% and a net margin of 13.96%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.22 billion. As a group, research analysts predict that Novozymes A/S will post 1.82 earnings per share for the current year.

About Novozymes A/S

Novozymes A/S is a Danish biotechnology company that develops, produces and markets industrial enzymes and microorganisms. Headquartered in Bagsværd, Denmark, the company focuses on using biological solutions to improve industrial processes across a range of end markets. Its offerings are designed to increase product performance or process efficiency while reducing energy, water and chemical consumption for customers.

The company’s product portfolio includes enzymes and microbial solutions for household care (detergents and cleaning products), food and beverages (baking, brewing and dairy applications), bioenergy (enzymes for biofuel production), agriculture (microbial crop inputs and biocontrols) and industrial processing (textiles, pulp and paper, and wastewater treatment).