Novozymes A/S (OTCMKTS:NVZMY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Novozymes A/S (OTCMKTS:NVZMY) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $56.71 and traded as high as $56.94. Novozymes A/S shares last traded at $56.06, with a volume of 14,651 shares.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Novozymes A/S to a “strong-buy” rating in a report on Monday, November 18th.

Novozymes A/S Trading Down 1.6 %

The stock has a market capitalization of $26.25 billion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 3.87 and a beta of 0.88. The firm has a 50-day moving average price of $56.71 and a 200-day moving average price of $61.82.

About Novozymes A/S

Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Denmark, rest of Europe, North America, Asia Pacific, the Middle East, Africa, Latin America, and internationally. The company offers protein solutions for the food and beverage industry. It also offers industrial hygiene, drain openers, hard surface, medical cleaning, septic tanks, ware washing, and professional laundry services.