Sandoz Group (OTCMKTS:SDZNY) Sees Unusually-High Trading Volume – Here’s What Happened

Sandoz Group AG Sponsored ADR (OTCMKTS:SDZNY) shares saw unusually-strong trading volume on Tuesday . Approximately 103,355 shares traded hands during mid-day trading, an increase of 244% from the previous session’s volume of 30,032 shares.The stock last traded at $70.48 and had previously closed at $70.46.

Analysts Set New Price Targets

A number of brokerages have issued reports on SDZNY. Jefferies Financial Group cut shares of Sandoz Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 8th. Barclays raised Sandoz Group to a “strong-buy” rating in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Sandoz Group has a consensus rating of “Moderate Buy”.

Sandoz Group Stock Down 1.4%

The firm’s 50 day simple moving average is $64.74 and its 200 day simple moving average is $59.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.29.

About Sandoz Group

Sandoz Group AG develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide. The company covers therapeutic areas, including cardiovascular, central nervous system, oncology, infectious diseases, pain and respiratory, diabetes, immunology, endocrinology, hematology, and ophthalmology, as well as bone disease.