Lonza Group (OTCMKTS:LZAGY) Shares Cross Below 50-Day Moving Average – Time to Sell?

Lonza Group AG (OTCMKTS:LZAGY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $64.00 and traded as low as $63.77. Lonza Group shares last traded at $64.21, with a volume of 36,640 shares changing hands.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic raised shares of Lonza Group to a “strong-buy” rating in a research note on Wednesday, November 27th.

Lonza Group Trading Up 0.3 %

The stock has a fifty day simple moving average of $64.00 and a 200 day simple moving average of $62.29. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.45.

About Lonza Group

Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe, North and Central America, Latin America, Asia, Australia, New Zealand, and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments.