Daiichi Sankyo (OTCMKTS:DSNKY) Shares Gap Up – Time to Buy?

Daiichi Sankyo Co., Ltd. – Sponsored ADR (OTCMKTS:DSNKY) gapped up prior to trading on Monday . The stock had previously closed at $21.37, but opened at $22.89. Daiichi Sankyo shares last traded at $22.48, with a volume of 31,502 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research lowered Daiichi Sankyo from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Daiichi Sankyo Stock Performance

The firm has a market cap of $42.68 billion and a PE ratio of 21.25. The firm’s 50 day simple moving average is $22.66 and its 200 day simple moving average is $23.75. The company has a current ratio of 2.31, a quick ratio of 1.60 and a debt-to-equity ratio of 0.06.

Daiichi Sankyo Company Profile

Daiichi Sankyo Co, Ltd. is a global, research-driven pharmaceutical company headquartered in Tokyo, Japan. The company was formed through the merger of Daiichi Pharmaceutical and Sankyo in 2005 and focuses on the discovery, development, manufacturing and commercialization of prescription medicines. Its therapeutic priorities include oncology and cardiovascular disease, and it pursues a mix of small molecules, biologics and antibody‑drug conjugates in its development programs.

Daiichi Sankyo is known for building a development portfolio through both internal research and collaborative partnerships.