Yakult Honsha Co.,Ltd. (OTCMKTS:YKLTY) Trading Down 8.1% – Here’s Why

Yakult Honsha Co.,Ltd. (OTCMKTS:YKLTY)’s stock price dropped 8.1% on Wednesday . The company traded as low as $7.64 and last traded at $7.64. Approximately 1,849 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 3,043 shares. The stock had previously closed at $8.3115.

Yakult Honsha Co.,Ltd. Stock Performance

The stock has a 50-day moving average price of $7.84 and a 200-day moving average price of $8.05.

Yakult Honsha Co.,Ltd. Company Profile

Yakult Honsha Co, Ltd. is a Japanese multinational corporation best known for its flagship probiotic beverage, Yakult. Founded in 1935 by microbiologist Dr. Minoru Shirota, the company pioneered the development of the Lactobacillus casei Shirota strain, which remains at the core of its functional dairy products. Over the decades, Yakult Honsha has expanded its portfolio to include a range of fermented milk drinks, nutritional supplements, and related health‐oriented foods.

A key pillar of Yakult Honsha’s strategy is research and development.