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Novozymes A/S (OTCMKTS:NVZMY) Shares Cross Below 200-Day Moving Average - Here's Why

Novozymes A/S logo with Basic Materials background

Novozymes A/S (OTCMKTS:NVZMY - Get Free Report) crossed 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 changing hands.

Analyst Ratings Changes

NVZMY has been the subject of several recent research reports. Citigroup lowered shares of Novozymes A/S from a "neutral" rating to a "sell" rating in a report on Thursday, October 17th. Barclays upgraded Novozymes A/S to a "strong-buy" rating in a research note on Monday, November 18th.

Read Our Latest Analysis on NVZMY

Novozymes A/S Stock Down 1.7 %

The company has a market cap of $26.23 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.88. The company has a fifty day moving average of $57.04 and a 200 day moving average of $62.17.

About Novozymes A/S

(Get Free Report)

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.

Further Reading

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