Novozymes A/S (OTCMKTS:NVZMY) Sees Strong Trading Volume After Analyst Upgrade

Novozymes A/S (OTCMKTS:NVZMY) saw an uptick in trading volume on Friday after Rothschild & Co Redburn upgraded the stock to a strong-buy rating. 136,923 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 97,533 shares.The stock last traded at $58.61 and had previously closed at $57.65.

Novozymes A/S Trading Up 2.3%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 0.72. The stock’s fifty day moving average is $59.32 and its 200 day moving average is $61.43. The stock has a market cap of $24.45 billion, a P/E ratio of 42.13, a P/E/G ratio of 1.07 and a beta of 1.11.

Novozymes A/S (OTCMKTS:NVZMY) last issued its quarterly earnings data on Wednesday, February 25th. The biotechnology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.44). Novozymes A/S had a return on equity of 6.37% and a net margin of 13.96%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities research analysts predict that Novozymes A/S will post 1.82 earnings per share for the current fiscal year.

About Novozymes A/S

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).