Viatris Inc (NASDAQ:VTRS) shares traded -1.44% lower at $11.66 on Wall Street last session.
VTRS stock price is now 4.71% away from the 50-day moving average and 4.62% away from the 200-day moving average. The market capitalization of the company currently stands at $13.92B.
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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 bought 600,000 shares of the company’s stock on Aug 20 ’24. The stock was bought for $7,080,000 at an average price of $11.80. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, Director Malik Rajiv sold 264,300 shares of the business’s stock. A total of $2,690,283 was realized by selling the stock at an average price of $10.18. This leaves the insider owning 645,519 shares of the company worth $7.53 million. A total of 2.22% 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 $11.1594 and a two-hundred day moving average price translates $11.1585 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.
