Novozymes A/S (OTCMKTS:NVZMY) Stock Rating Upgraded by Rothschild & Co Redburn

Novozymes A/S (OTCMKTS:NVZMY) was upgraded by equities researchers at Rothschild & Co Redburn to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Novozymes A/S Trading Up 2.3%

Shares of Novozymes A/S stock opened at $58.98 on Friday. The company has a 50-day moving average of $59.32 and a two-hundred day moving average of $61.43. Novozymes A/S has a 12-month low of $49.90 and a 12-month high of $75.99. The company has a current ratio of 0.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $24.45 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.11.

Novozymes A/S (OTCMKTS:NVZMY) last announced its quarterly earnings results on Wednesday, February 25th. The biotechnology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.44). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Novozymes A/S had a return on equity of 6.37% and a net margin of 13.96%. On average, research analysts anticipate that Novozymes A/S will post 1.82 EPS for the current fiscal year.

Novozymes A/S Company Profile

Novozymes A/S is a Danish biotechnology company that develops, produces and markets industrial enzymes and microorganisms. Headquartered in Bagsværd, Denmark, the company focuses on using biological solutions to improve industrial processes across a range of end markets. Its offerings are designed to increase product performance or process efficiency while reducing energy, water and chemical consumption for customers.

The company’s product portfolio includes enzymes and microbial solutions for household care (detergents and cleaning products), food and beverages (baking, brewing and dairy applications), bioenergy (enzymes for biofuel production), agriculture (microbial crop inputs and biocontrols) and industrial processing (textiles, pulp and paper, and wastewater treatment).