Stocks of Viatris Inc (NASDAQ:VTRS) traded higher last session on Wall Street, up 1.15% to $10.60.
VTRS stock price is now -7.08% away from the 50-day moving average and -2.21% away from the 200-day moving average. The market capitalization of the company currently stands at $12.62B.
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With the price target reduced from $13 to $9, BofA Securities Downgraded its rating from Neutral to Underperform for Viatris Inc (NASDAQ: VTRS). On June 23, 2023, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $11, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’
In other news, Roman Brian, Chief Legal Officer sold 89,419 shares of the company’s stock on May 28 ’24. The stock was sold for $928,429 at an average price of $10.38. Upon completion of the transaction, the Chief Legal Officer now directly owns 67,723 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Mauro Anthony sold 250,000 shares of the business’s stock. A total of $3,023,700 was realized by selling the stock at an average price of $12.09. This leaves the insider owning 243,044 shares of the company worth $2.58 million. A total of 2.14% of the company’s stock is owned by insiders.
During the past 12 months, Viatris Inc has had a low of $8.74 and a high of $13.62. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 1.57, and a quick ratio of 1.08. The fifty day moving average price for VTRS is $11.3818 and a two-hundred day moving average price translates $10.8369 for the stock.
The latest earnings results from Viatris Inc (NASDAQ: VTRS) was released for 2024-03-31. The net profit margin was -0.37% and return on equity was -0.27% for VTRS. The company reported revenue of $3.66 billion for the quarter, compared to $3.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.76 percent.
