Otsuka (OTCMKTS:OTSKF) Trading Up 3% – Should You Buy?

Otsuka Holdings Co., Ltd. (OTCMKTS:OTSKFGet Free Report) shares shot up 3% during mid-day trading on Wednesday . The company traded as high as $61.42 and last traded at $61.42. 200 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 467 shares. The stock had previously closed at $59.61.

Otsuka Stock Performance

The business’s 50 day simple moving average is $57.65 and its 200 day simple moving average is $53.72.

Otsuka Company Profile

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Otsuka Holdings Co, Ltd., trading on OTC markets as OTSKF, is a global healthcare company headquartered in Tokyo, Japan. Established in 1964 as a research-driven pharmaceutical firm, Otsuka has since evolved into a diversified holding company overseeing operations in pharmaceuticals, nutraceuticals and consumer products. The company operates through a network of subsidiaries, including Otsuka Pharmaceutical Co, Ltd., Otsuka America Pharmaceutical, Inc, and Otsuka Europe, each focusing on drug development, manufacturing and distribution.

In its pharmaceutical division, Otsuka is best known for discovering and commercializing treatments in areas such as psychiatry, oncology and nephrology.

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