Lonza Group (OTCMKTS:LZAGY) Sees Large Volume Increase – Here’s What Happened

Lonza Group Ag (OTCMKTS:LZAGY) shares saw unusually-strong trading volume on Thursday . Approximately 314,549 shares changed hands during trading, an increase of 577% from the previous session’s volume of 46,487 shares.The stock last traded at $70.5521 and had previously closed at $70.72.

Lonza Group Stock Down 0.9%

The stock has a 50 day simple moving average of $67.71 and a 200 day simple moving average of $68.76. The company has a quick ratio of 0.87, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Lonza Group Company Profile

Lonza Group is a Swiss multinational life sciences company that provides products and services to the pharmaceutical, biotech and specialty ingredients markets. Headquartered in Switzerland, the company operates globally with manufacturing and research facilities across Europe, North America and Asia, serving customers involved in drug discovery, development and commercial production. Lonza’s client base ranges from large pharmaceutical firms to emerging biotech companies and manufacturers of consumer health and specialty chemical products.

The company’s core activities center on contract development and manufacturing (CDMO) for small molecules and biologics, including process development, clinical and commercial-scale manufacturing, and fill–finish services.