Olympus (OTCMKTS:OCPNY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Olympus Co. (OTCMKTS:OCPNY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.00 and traded as low as $18.00. Olympus shares last traded at $18.00, with a volume of 400 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Olympus to a “buy” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Olympus Stock Performance

The company has a market cap of $23.15 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.07 and a beta of 0.70. The company has a quick ratio of 1.48, a current ratio of 1.99 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $18.00 and its 200 day moving average price is $18.00.

About Olympus

Olympus Corporation is a Tokyo-headquartered manufacturer specializing in medical and scientific imaging, precision optics and related equipment. The company’s medical systems business is focused on endoscopic technologies and therapeutic devices used in minimally invasive diagnosis and treatment, supplying hospitals and clinical facilities with endoscopes, visualization platforms and accessories. In addition to healthcare, Olympus serves scientific and industrial customers with microscopes, imaging systems, non-destructive testing equipment and precision measurement tools used in research, manufacturing and quality control.

In recent years the company completed a strategic refocus on healthcare and scientific solutions, divesting its consumer camera business in 2020 to concentrate resources on medical device development, services and life-science applications.