Olympus (OTCMKTS:OCPNY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Olympus Co. (OTCMKTS:OCPNY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.00 and traded as high as $18.00. Olympus shares last traded at $18.00, with a volume of 400 shares.

Olympus Trading Down 1.4%

The company has a current ratio of 1.99, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $18.00 and a 200-day moving average price of $18.00. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 1.07 and a beta of 0.70.

About Olympus

Olympus Corporation is a Tokyo-headquartered manufacturer specializing in medical and scientific imaging, precision optics and related equipment. The company’s medical systems business is focused on endoscopic technologies and therapeutic devices used in minimally invasive diagnosis and treatment, supplying hospitals and clinical facilities with endoscopes, visualization platforms and accessories. In addition to healthcare, Olympus serves scientific and industrial customers with microscopes, imaging systems, non-destructive testing equipment and precision measurement tools used in research, manufacturing and quality control.

In recent years the company completed a strategic refocus on healthcare and scientific solutions, divesting its consumer camera business in 2020 to concentrate resources on medical device development, services and life-science applications.