Otsuka (OTCMKTS:OTSKY) Shares Gap Up – Here’s What Happened

Otsuka Holdings Co., Ltd. – Unsponsored ADR (OTCMKTS:OTSKY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $32.07, but opened at $33.62. Otsuka shares last traded at $33.67, with a volume of 600 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on OTSKY. Zacks Research lowered Otsuka from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Morgan Stanley upgraded shares of Otsuka to an “overweight” rating in a report on Friday, January 23rd. Finally, UBS Group raised shares of Otsuka to a “hold” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Otsuka currently has an average rating of “Hold”.

Otsuka Price Performance

The firm has a fifty day moving average of $29.68 and a 200-day moving average of $28.14.

Otsuka Company Profile

Otsuka Pharmaceutical Co, Ltd., trading in the U.S. under the ticker OTCMKTS:OTSKY, is a global healthcare company headquartered in Tokyo, Japan. The firm’s core activities span the development, manufacturing and marketing of prescription pharmaceuticals, consumer healthcare products and nutraceuticals. Otsuka focuses its research on areas such as neuroscience, cardiovascular and renal therapies, and oncology, aiming to bring innovative treatments to patients worldwide.

Founded in 1964 by Busaburo Otsuka as a subsidiary of the Otsuka Group, the company has grown into a diversified healthcare enterprise over more than five decades.