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Novozymes A/S (OTCMKTS:NVZMY) Stock Crosses Above Fifty Day Moving Average - Here's Why

Novozymes A/S logo with Basic Materials background

Novozymes A/S (OTCMKTS:NVZMY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $56.71 and traded as high as $56.94. Novozymes A/S shares last traded at $56.06, with a volume of 14,651 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Novozymes A/S to a "strong-buy" rating in a research note on Monday, November 18th.

Get Our Latest Stock Analysis on Novozymes A/S

Novozymes A/S Stock Performance

The company has a market capitalization of $26.24 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 3.87 and a beta of 0.88. The company's fifty day simple moving average is $56.60 and its two-hundred day simple moving average is $61.74.

Novozymes A/S Company Profile

(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.

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