Otsuka (OTCMKTS:OTSKY) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Otsuka Holdings Co., Ltd. – Unsponsored ADR (OTCMKTS:OTSKYGet Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.39 and traded as low as $26.62. Otsuka shares last traded at $26.74, with a volume of 39,329 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Otsuka from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Read Our Latest Report on OTSKY

Otsuka Stock Performance

The company’s 50-day moving average price is $27.39 and its 200 day moving average price is $25.56.

About Otsuka

(Get Free Report)

Otsuka Holdings Co, Ltd. engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. The company develops pharmaceutical products in the fields of psychiatry, neurology, oncology, cardiovascular and renal system, digestive system, ophthalmology, and diagnostics, as well as intravenous solutions and medical devices.

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