Novozymes A/S – (NVZMY) Rating Lowered to Sell at Zacks Investment Research
Novozymes A/S – (NASDAQ:NVZMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Novozymes A/S is primarily engaged in the development, production, and distribution of enzymes. Its business consists of two segments, enzyme business and bio business. The Company’s enzyme business segment offers detergent enzymes that are used in laundry and dishwashing, technical enzymes used in the transformation of starch into different kinds of sugars and have application in leather, textile, and forest product industries, food enzymes used in production of bread, wine, juice, beer, noodles, alcohol, and pasta and feed enzymes used in animal feed. Its bio business segment offers microorganisms that are used in industrial and municipal wastewater treatment, as well as in the cleaning of surfaces such as carpet, concrete, drain lines, and septic tanks in industrial and household applications. It also has application in the Biopharmaceutical ingredients used in pharmaceutical industry. Novozymes A/S is headquartered in Bagsvaerd, Denmark. “
NVZMY has been the topic of several other reports. Deutsche Bank AG assumed coverage on Novozymes A/S – in a research note on Friday. They set a “hold” rating on the stock. Berenberg Bank assumed coverage on Novozymes A/S – in a research note on Tuesday, September 27th. They set a “sell” rating on the stock.
Shares of Novozymes A/S – (NASDAQ:NVZMY) opened at 44.105 on Friday. Novozymes A/S – has a 52 week low of $37.98 and a 52 week high of $49.55. The firm’s 50-day moving average price is $43.65 and its 200 day moving average price is $46.11. The company has a market cap of $13.25 billion and a P/E ratio of 30.671.
About Novozymes A/S –
Novozymes A/S is a Denmark-based biotechnology company engaged in the production and sale of industrial enzymes, microorganisms and biopharmaceutical ingredients. In June 2013, the Company restructured its sales areas within those segments. The Household Care (old Household Care Enzymes) area comprises cleaning solutions, laundry, dishwashing and microorganism sales for cleaning solutions.
Receive News & Stock Ratings for Novozymes A/S - Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novozymes A/S - and related stocks with our FREE daily email newsletter.