Lonza Group (OTCMKTS:LZAGY) Stock Passes Below 50 Day Moving Average – Here’s Why

Lonza Group AG (OTCMKTS:LZAGYGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $63.64 and traded as low as $63.44. Lonza Group shares last traded at $63.85, with a volume of 43,050 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LZAGY shares. The Goldman Sachs Group raised Lonza Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Berenberg Bank raised Lonza Group to a “strong-buy” rating in a research report on Sunday, June 23rd.

Check Out Our Latest Stock Analysis on Lonza Group

Lonza Group Price Performance

The company has a 50-day simple moving average of $63.64 and a 200 day simple moving average of $59.67.

Lonza Group Company Profile

(Get Free Report)

Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe, North and Central America, Latin America, Asia, Australia, New Zealand, and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments.

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