Daiichi Sankyo (OTCMKTS:DSNKY) Shares Gap Down – Here’s What Happened

Shares of Daiichi Sankyo Co., Ltd. – Sponsored ADR (OTCMKTS:DSNKY) gapped down before the market opened on Tuesday . The stock had previously closed at $24.60, but opened at $23.20. Daiichi Sankyo shares last traded at $23.93, with a volume of 24,004 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Daiichi Sankyo from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Daiichi Sankyo has an average rating of “Moderate Buy”.

Daiichi Sankyo Trading Down 2.7%

The firm’s 50-day simple moving average is $24.35 and its 200 day simple moving average is $24.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 1.60. The firm has a market capitalization of $45.03 billion and a price-to-earnings ratio of 22.42.

Daiichi Sankyo Company Profile

Daiichi Sankyo Company, Limited manufactures, markets, and sells pharmaceutical products worldwide. The company offers Enhertu, a HER2 directed antibody drug conjugate; Turalio, a CSF-1R inhibitor; Vanflyta, a FLT3 inhibitor for the treatment of adult patients with relapsed/refractory FLT3-ITD acute myeloid leukemia; ferric carboxymaltose injection for treating anaemia; and Injectafer for the treatment for iron deficiency anaemia.