Novozymes A/S (OTCMKTS:NVZMY) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Novozymes A/S (OTCMKTS:NVZMY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $60.70 and traded as low as $56.00. Novozymes A/S shares last traded at $56.00, with a volume of 17,470 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays upgraded Novozymes A/S to a “strong-buy” rating in a research note on Monday, November 18th. Citigroup lowered shares of Novozymes A/S from a “neutral” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, Berenberg Bank raised shares of Novozymes A/S to a “strong-buy” rating in a report on Tuesday, September 24th.

Novozymes A/S Price Performance

The company has a 50-day moving average of $60.48 and a two-hundred day moving average of $63.35. The company has a market capitalization of $26.51 billion, a PE ratio of 35.83, a P/E/G ratio of 3.87 and a beta of 0.87.

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.