The stock of Viatris Inc (NASDAQ:VTRS) last traded at $11.24, up 0.45% from the previous session.
VTRS stock price is now 4.31% away from the 50-day moving average and 3.69% away from the 200-day moving average. The market capitalization of the company currently stands at $13.38B.
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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, Malik Rajiv, Director sold 264,300 shares of the company’s stock on Jun 14 ’24. The stock was sold for $2,690,283 at an average price of $10.18. Upon completion of the transaction, the Director now directly owns 645,519 shares in the company, valued at $7.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, Director Malik Rajiv sold 85,660 shares of the business’s stock. A total of $900,741 was realized by selling the stock at an average price of $10.52. This leaves the insider owning 909,819 shares of the company worth $10.23 million. A total of 2.10% 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 $10.7686 and a two-hundred day moving average price translates $10.8476 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.
