Astellas Pharma (OTCMKTS:ALPMY) Shares Gap Down – What’s Next?

Shares of Astellas Pharma Inc. (OTCMKTS:ALPMYGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $15.19, but opened at $14.52. Astellas Pharma shares last traded at $15.03, with a volume of 9,093 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Astellas Pharma from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Analysis on Astellas Pharma

Astellas Pharma Stock Performance

The firm has a market capitalization of $27.24 billion, a P/E ratio of 11.45 and a beta of 0.08. The company has a 50-day moving average of $14.32 and a 200-day moving average of $14.53. The company has a current ratio of 1.20, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16.

Astellas Pharma Company Profile

(Get Free Report)

Astellas Pharma Inc is a Japan-based pharmaceutical company that discovers, develops and commercializes prescription medicines for serious and unmet medical needs. Its research and commercial activities focus on areas including oncology, urology, immunology, neuromuscular diseases, ophthalmology and other specialty conditions.

The company’s portfolio includes treatments such as XTANDI for certain prostate cancers, XOSPATA for acute myeloid leukemia, MYRBETRIQ for overactive bladder and VEOZAH for menopausal hot flashes.

Further Reading

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