Ono Pharmaceutical (OTCMKTS:OPHLF) Shares Gap Down – Here’s Why

Ono Pharmaceutical Co. (OTCMKTS:OPHLF) gapped down prior to trading on Thursday . The stock had previously closed at $15.5580, but opened at $14.45. Ono Pharmaceutical shares last traded at $14.45, with a volume of 459 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Ono Pharmaceutical from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Ono Pharmaceutical Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.56 and a current ratio of 3.02. The business’s 50-day moving average is $14.42 and its 200-day moving average is $14.70. The company has a market capitalization of $6.79 billion, a PE ratio of 14.60 and a beta of 0.34.

About Ono Pharmaceutical

Ono Pharmaceutical Co, Ltd., founded in 1717 and headquartered in Osaka, Japan, is a research?based pharmaceutical company specializing in the discovery, development and marketing of innovative therapies. With origins as a traditional pharmacy, Ono has grown into a global biopharmaceutical entity focused on delivering new treatment options across several therapeutic areas, including oncology, immunology, cardiovascular and antiviral diseases. The company conducts comprehensive research programs spanning early drug discovery through to clinical development.

One of Ono’s most recognized products is the immune checkpoint inhibitor nivolumab, marketed in collaboration with Bristol-Myers Squibb under the trade name Opdivo.