Novozymes A/S – (NASDAQ:NVZMY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.
According to Zacks, “Novozymes A/S is primarily engaged in the development, production, and distribution of enzymes. Its business consists of two segments, enzyme business and bio business. The Company’s enzyme business segment offers detergent enzymes that are used in laundry and dishwashing, technical enzymes used in the transformation of starch into different kinds of sugars and have application in leather, textile, and forest product industries, food enzymes used in production of bread, wine, juice, beer, noodles, alcohol, and pasta and feed enzymes used in animal feed. Its bio business segment offers microorganisms that are used in industrial and municipal wastewater treatment, as well as in the cleaning of surfaces such as carpet, concrete, drain lines, and septic tanks in industrial and household applications. It also has application in the Biopharmaceutical ingredients used in pharmaceutical industry. Novozymes A/S is headquartered in Bagsvaerd, Denmark. “
A number of other research firms also recently weighed in on NVZMY. Berenberg Bank initiated coverage on shares of Novozymes A/S – in a research report on Tuesday, September 27th. They issued a “sell” rating for the company. Deutsche Bank AG initiated coverage on shares of Novozymes A/S – in a research report on Friday. They issued a “hold” rating for the company.
Novozymes A/S – (NASDAQ:NVZMY) opened at 43.995 on Friday. The firm has a market cap of $13.22 billion and a price-to-earnings ratio of 30.616. Novozymes A/S – has a 52-week low of $37.98 and a 52-week high of $49.55. The firm’s 50-day moving average is $43.64 and its 200-day moving average is $46.07.
Novozymes A/S – Company Profile
Novozymes A/S is a Denmark-based biotechnology company engaged in the production and sale of industrial enzymes, microorganisms and biopharmaceutical ingredients. In June 2013, the Company restructured its sales areas within those segments. The Household Care (old Household Care Enzymes) area comprises cleaning solutions, laundry, dishwashing and microorganism sales for cleaning solutions.