Otsuka (OTCMKTS:OTSKY) Shares Cross Below 50 Day Moving Average – Should You Sell?

Otsuka Holdings Co., Ltd. – Unsponsored ADR (OTCMKTS:OTSKY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.66 and traded as low as $28.3150. Otsuka shares last traded at $28.45, with a volume of 34,108 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Otsuka from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Otsuka has an average rating of “Strong Buy”.

Otsuka Trading Up 1.5%

The company has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $27.10.

Otsuka Company Profile

Otsuka Pharmaceutical Co, Ltd., trading in the U.S. under the ticker OTCMKTS:OTSKY, is a global healthcare company headquartered in Tokyo, Japan. The firm’s core activities span the development, manufacturing and marketing of prescription pharmaceuticals, consumer healthcare products and nutraceuticals. Otsuka focuses its research on areas such as neuroscience, cardiovascular and renal therapies, and oncology, aiming to bring innovative treatments to patients worldwide.

Founded in 1964 by Busaburo Otsuka as a subsidiary of the Otsuka Group, the company has grown into a diversified healthcare enterprise over more than five decades.