Lonza Group (OTCMKTS:LZAGY) Sees Strong Trading Volume - Time to Buy?
Lonza Group (OTCMKTS:LZAGY) experienced a significant increase in trading volume, with shares rising 1.5% to $66.10. Despite the strong trading activity, Zacks Research downgraded the stock from "strong-buy" to "hold." The stock has an average "Buy" rating, but top analysts suggest other stocks may be better investments. The firm's 50-day moving average is $68.19, and its 200-day moving average is $69.27.
Lonza Group Ag (OTCMKTS:LZAGY - Get Free Report) saw strong trading volume on Friday . 140,607 shares traded hands during trading, an increase of 90% from the previous session's volume of 74,142 shares.The stock last traded at $66.10 and had previously closed at $65.05.
Wall Street Analyst Weigh In
Separately, Zacks Research cut Lonza Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy".
Get Our Latest Stock Report on Lonza Group
Lonza Group Stock Up 1.5%
The firm's 50 day moving average is $68.19 and its two-hundred day moving average is $69.27.
About Lonza Group
(Get Free Report)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.
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