Lonza Group (OTCMKTS:LZAGY) Sees Large Volume Increase – Here’s Why
by Mitch Edgeman · The Markets DailyLonza Group Ag (OTCMKTS:LZAGY – Get Free Report) shares saw strong trading volume on Thursday . 314,549 shares changed hands during mid-day trading, an increase of 577% from the previous session’s volume of 46,487 shares.The stock last traded at $70.5521 and had previously closed at $70.72.
Lonza Group Price Performance
The stock has a 50-day moving average price of $67.78 and a 200 day moving average price of $68.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.46.
Lonza Group Company Profile
Lonza Group is a Swiss multinational life sciences company that provides products and services to the pharmaceutical, biotech and specialty ingredients markets. Headquartered in Switzerland, the company operates globally with manufacturing and research facilities across Europe, North America and Asia, serving customers involved in drug discovery, development and commercial production. Lonza’s client base ranges from large pharmaceutical firms to emerging biotech companies and manufacturers of consumer health and specialty chemical products.
The company’s core activities center on contract development and manufacturing (CDMO) for small molecules and biologics, including process development, clinical and commercial-scale manufacturing, and fill–finish services.