Stocks of Viatris Inc (NASDAQ:VTRS) traded higher last session on Wall Street, up 1.28% to $11.89.
VTRS stock price is now 2.45% away from the 50-day moving average and 3.11% away from the 200-day moving average. The market capitalization of the company currently stands at $14.19B.
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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 139,681 shares of the company’s stock on Sep 12 ’24. The stock was sold for $1,628,164 at an average price of $11.66. Upon completion of the transaction, the Director now directly owns 505,838 shares in the company, valued at $6.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Director Malik Rajiv sold 60,319 shares of the business’s stock. A total of $706,553 was realized by selling the stock at an average price of $11.71. A total of 2.05% of the company’s stock is owned by insiders.
During the past 12 months, Viatris Inc has had a low of $8.76 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 $11.6062 and a two-hundred day moving average price translates $11.53185 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.
