Lonza Group (OTCMKTS:LZAGY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Lonza Group Ag (OTCMKTS:LZAGY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $63.23 and traded as low as $61.39. Lonza Group shares last traded at $62.41, with a volume of 140,962 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Lonza Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Lonza Group Trading Up 1.0%

The company has a current ratio of 2.24, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $63.23 and a 200-day simple moving average of $65.54.

Lonza Group Company Profile

Lonza Group is a Swiss multinational life sciences company that provides products and services to the pharmaceutical, biotech and specialty ingredients markets. Headquartered in Switzerland, the company operates globally with manufacturing and research facilities across Europe, North America and Asia, serving customers involved in drug discovery, development and commercial production. Lonza’s client base ranges from large pharmaceutical firms to emerging biotech companies and manufacturers of consumer health and specialty chemical products.

The company’s core activities center on contract development and manufacturing (CDMO) for small molecules and biologics, including process development, clinical and commercial-scale manufacturing, and fill–finish services.