Olympus (OTCMKTS:OLYMY) Shares Down 1.6% – Here’s What Happened

Olympus Co. (OTCMKTS:OLYMY)’s share price was down 1.6% on Friday. The stock traded as low as $12.40 and last traded at $12.40. Approximately 21,337 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 89,692 shares. The stock had previously closed at $12.60.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered Olympus from a “buy” rating to a “neutral” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Olympus Trading Down 1.6%

The stock’s fifty day moving average is $12.72 and its two-hundred day moving average is $11.17.

About Olympus

Olympus Corporation is a Japan-based medical technology company that develops and manufactures equipment and systems used in minimally invasive procedures. Its primary business focuses on endoscopy and therapeutic solutions for hospitals, physicians and other health care providers.

The company’s products include gastrointestinal endoscopes and related imaging systems, surgical visualization equipment, electrosurgical devices and treatment instruments. Olympus also provides solutions used in urology, gynecology, respiratory care and ear, nose and throat procedures, along with service, training and other support for its medical technology portfolio.

Founded in 1919 as Takachiho Corporation, the company adopted the Olympus name in 1949 and historically operated businesses in cameras, audio products and scientific equipment.