In yesterday’s Wall Street session, Viatris Inc (NASDAQ:VTRS) shares traded at $11.78, down -2.64% from the previous session.
VTRS stock price is now 7.34% away from the 50-day moving average and 6.61% away from the 200-day moving average. The market capitalization of the company currently stands at $14.06B.
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On October 23, 2023, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $13 to quote $9, while ‘Barclays’ rates the stock as ‘Underweight’
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 $7.6 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 $10.72 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 0.89, a current ratio of 1.45, and a quick ratio of 0.93. The fifty day moving average price for VTRS is $11.0036 and a two-hundred day moving average price translates $11.0642 for the stock.
The latest earnings results from Viatris Inc (NASDAQ: VTRS) was released for 2024-06-30. The net profit margin was -4.25% and return on equity was -3.20% for VTRS. The company reported revenue of $3.8 billion for the quarter, compared to $3.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.11 percent.
