Novozymes A/S (OTCMKTS:NVZMY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Novozymes A/S (OTCMKTS:NVZMY) saw an uptick in trading volume on Friday . 641,172 shares traded hands during mid-day trading, an increase of 713% from the previous session’s volume of 78,904 shares.The stock last traded at $59.4450 and had previously closed at $58.53.

Novozymes A/S Trading Up 0.8%

The stock has a market cap of $24.46 billion, a P/E ratio of 42.15, a PEG ratio of 1.08 and a beta of 1.10. The firm’s fifty day moving average price is $62.71 and its two-hundred day moving average price is $62.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.00.

Novozymes A/S (OTCMKTS:NVZMY) last posted its quarterly earnings data on Wednesday, February 25th. The biotechnology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.44). Novozymes A/S had a net margin of 13.96% and a return on equity of 6.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities research analysts forecast that Novozymes A/S will post 1.82 EPS for the current 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).