Olympus (OTCMKTS:OLYMY) Trading Down 1.2% – Here’s What Happened

Olympus Co. (OTCMKTS:OLYMY) shares were down 1.2% on Thursday . The stock traded as low as $10.70 and last traded at $10.74. 46,373 shares changed hands during trading, a decline of 58% from the average session volume of 109,258 shares. The stock had previously closed at $10.87.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Olympus from a “buy” rating to a “neutral” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Olympus Trading Down 1.2%

The firm has a 50-day moving average of $10.80 and a 200 day moving average of $10.76.

About Olympus

Olympus Corporation is a Tokyo-based manufacturer specializing in precision technology for the medical, scientific and industrial markets. Established in 1919, the company has built an international reputation for optical and digital imaging solutions that encompass endoscopic systems, microscopes, cameras and related accessories. Olympus leverages its expertise in optics, mechanics and electronics to develop instruments designed to advance diagnostics and scientific discovery.

In the healthcare sector, Olympus is best known for its endoscopy products and therapeutic solutions that support minimally invasive procedures in gastroenterology, pulmonology and urology.