Lonza Group (OTCMKTS:LZAGY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Lonza Group AG (OTCMKTS:LZAGY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $60.62 and traded as low as $58.53. Lonza Group shares last traded at $59.99, with a volume of 22,978 shares trading hands.

Analysts Set New Price Targets

LZAGY has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Lonza Group to a “strong-buy” rating in a research report on Wednesday, October 9th. Redburn Atlantic raised Lonza Group to a “strong-buy” rating in a research report on Wednesday, November 27th.

Lonza Group Price Performance

The stock’s 50-day moving average is $60.54 and its 200 day moving average is $60.88.

About Lonza Group

Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe, North and Central America, Latin America, Asia, Australia, New Zealand, and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments.