Daiichi Sankyo (OTCMKTS:DSNKY) Shares Gap Up – Time to Buy?

Daiichi Sankyo Co., Ltd. – Sponsored ADR (OTCMKTS:DSNKY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $17.44, but opened at $18.50. Daiichi Sankyo shares last traded at $18.50, with a volume of 9,837 shares changing hands.

Daiichi Sankyo Stock Down 2.0%

The company has a current ratio of 2.69, a quick ratio of 1.85 and a debt-to-equity ratio of 0.18. The stock has a market cap of $34.50 billion, a P/E ratio of 16.71, a PEG ratio of 0.96 and a beta of -0.04. The firm has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $21.30.

Daiichi Sankyo (OTCMKTS:DSNKY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Daiichi Sankyo had a return on equity of 18.64% and a net margin of 14.83%. Equities research analysts expect that Daiichi Sankyo Co., Ltd. – Sponsored ADR will post 0.73 earnings per share for the current fiscal year.

About Daiichi Sankyo

Daiichi Sankyo Co, Ltd. is a global, research-driven pharmaceutical company headquartered in Tokyo, Japan. The company was formed through the merger of Daiichi Pharmaceutical and Sankyo in 2005 and focuses on the discovery, development, manufacturing and commercialization of prescription medicines. Its therapeutic priorities include oncology and cardiovascular disease, and it pursues a mix of small molecules, biologics and antibody‑drug conjugates in its development programs.

Daiichi Sankyo is known for building a development portfolio through both internal research and collaborative partnerships.