Chugai Pharmaceutical Co., Ltd. Unsponsored ADR (OTCMKTS:CHGCY – Get Free Report)’s share price gapped up prior to trading on Monday. The stock had previously closed at $21.58, but opened at $23.3499. Chugai Pharmaceutical shares last traded at $22.6905, with a volume of 20,992 shares traded.
Wall Street Analyst Weigh In
Several brokerages have commented on CHGCY. UBS Group downgraded shares of Chugai Pharmaceutical from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Nomura raised Chugai Pharmaceutical to a “hold” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on CHGCY
Chugai Pharmaceutical Stock Up 5.7%
The stock’s fifty day moving average price is $20.73 and its 200-day moving average price is $24.41. The company has a market capitalization of $75.11 billion, a price-to-earnings ratio of 23.77 and a beta of 0.60.
Chugai Pharmaceutical (OTCMKTS:CHGCY – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $0.27 earnings per share for the quarter. Chugai Pharmaceutical had a net margin of 35.63% and a return on equity of 24.91%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.29 billion. Analysts anticipate that Chugai Pharmaceutical Co., Ltd. Unsponsored ADR will post 1.00 EPS for the current year.
Chugai Pharmaceutical Company Profile
Chugai Pharmaceutical is a Japan-based research-driven pharmaceutical company that discovers, develops, manufactures and markets prescription medicines. Its work focuses on areas including oncology, immunology, hematology and neuroscience, and its portfolio includes biologic and antibody-based medicines as well as other pharmaceutical products.
The company was established in Japan in 1925 and is headquartered in Tokyo. Since 2002, Chugai has been part of the Roche Group through a strategic alliance, while continuing to operate as a Japan-based pharmaceutical company.
Chugai serves patients and healthcare providers in Japan and works with Roche to develop and commercialize medicines internationally.
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