Novozymes A/S (OTCMKTS:NVZMY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Novozymes A/S (OTCMKTS:NVZMY)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $62.28 and traded as low as $55.74. Novozymes A/S shares last traded at $56.00, with a volume of 16,126 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on NVZMY. Barclays upgraded shares of Novozymes A/S to a “strong-buy” rating in a research report 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.

Novozymes A/S Trading Down 2.1 %

The stock has a market cap of $26.22 billion, a PE ratio of 35.44, a PEG ratio of 3.87 and a beta of 0.87. The firm has a fifty day simple moving average of $57.15 and a two-hundred day simple moving average of $62.28.

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.