Novozymes A/S (OTCMKTS:NVZMY) Releases Quarterly Earnings Results

Novozymes A/S (OTCMKTS:NVZMY) released its quarterly earnings data on Thursday. The biotechnology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.16), Zacks reports. Novozymes A/S had a net margin of 14.22% and a return on equity of 6.52%.

Novozymes A/S Stock Performance

Shares of NVZMY stock opened at $69.51 on Thursday. Novozymes A/S has a 12 month low of $49.90 and a 12 month high of $75.27. The company’s fifty day simple moving average is $63.48 and its 200-day simple moving average is $60.52. The firm has a market cap of $28.82 billion, a PE ratio of 46.97, a P/E/G ratio of 3.00 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.67 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Kepler Capital Markets upgraded shares of Novozymes A/S from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Zacks Research raised Novozymes A/S from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Novozymes A/S presently has an average rating of “Buy”.

Novozymes A/S Company Profile

Novozymes A/S is a Danish biotechnology company that develops, produces and markets industrial enzymes and microorganisms. Headquartered in Bagsværd, Denmark, the company focuses on using biological solutions to improve industrial processes across a range of end markets. Its offerings are designed to increase product performance or process efficiency while reducing energy, water and chemical consumption for customers.

The company’s product portfolio includes enzymes and microbial solutions for household care (detergents and cleaning products), food and beverages (baking, brewing and dairy applications), bioenergy (enzymes for biofuel production), agriculture (microbial crop inputs and biocontrols) and industrial processing (textiles, pulp and paper, and wastewater treatment).