Sandoz Group (OTCMKTS:SDZNY) Shares Gap Up – Still a Buy?

Sandoz Group AG Sponsored ADR (OTCMKTS:SDZNYGet Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $79.32, but opened at $86.62. Sandoz Group shares last traded at $86.69, with a volume of 782 shares trading hands.

Analyst Ratings Changes

Separately, Barclays raised Sandoz Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sandoz Group has a consensus rating of “Strong Buy”.

Check Out Our Latest Stock Report on SDZNY

Sandoz Group Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average price of $83.62 and a 200 day moving average price of $82.63.

About Sandoz Group

(Get Free Report)

Sandoz Group (OTCMKTS:SDZNY) is a multinational pharmaceutical company focused on the development, manufacturing and commercialization of generic medicines and biosimilars. The company supplies off-patent small-molecule drugs as well as biologic alternatives intended to offer lower-cost therapeutic options across a range of clinical areas. Sandoz emphasizes access and affordability, positioning its portfolio to serve hospitals, pharmacies and health systems looking to expand patient access to essential therapies.

The company’s product offerings span conventional generics, complex and specialty generics, and a growing pipeline of biosimilar medicines.

Further Reading

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