Novozymes A/S (OTCMKTS:NVZMY) Rating Lowered to Strong Sell at Zacks Research

Novozymes A/S (OTCMKTS:NVZMY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Separately, Rothschild & Co Redburn upgraded Novozymes A/S to a “strong-buy” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Novozymes A/S Stock Down 0.0%

Novozymes A/S stock opened at $62.32 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.12. Novozymes A/S has a 1-year low of $49.90 and a 1-year high of $75.99. The firm’s fifty day simple moving average is $58.29 and its 200-day simple moving average is $61.15. The company has a market capitalization of $25.83 billion, a P/E ratio of 44.51, a P/E/G ratio of 1.17 and a beta of 0.98.

Novozymes A/S (OTCMKTS:NVZMY) last issued its quarterly earnings data on Tuesday, May 5th. The biotechnology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.31). Novozymes A/S had a return on equity of 6.37% and a net margin of 13.96%. Sell-side analysts forecast that Novozymes A/S will post 2.42 earnings per share for the current fiscal year.

About Novozymes A/S

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).