Lonza Group (OTCMKTS:LZAGY) Share Price Crosses Below Fifty Day Moving Average of $55.35

Lonza Group AG (OTCMKTS:LZAGY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $55.35 and traded as low as $54.95. Lonza Group shares last traded at $55.15, with a volume of 48,975 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Lonza Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Lonza Group Stock Down 0.9 %

The stock has a 50-day simple moving average of $55.35 and a 200 day simple moving average of $46.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.20 and a current ratio of 1.77.

About Lonza Group

Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments. The Biologics segment engages in the contract development and manufacturing of biopharmaceuticals for clinical and commercial manufacturing needs throughout the product lifecycle, including drug substance and drug product manufacturing.