In Friday’s Wall Street session, Viatris Inc (NASDAQ:VTRS) shares traded at $9.65, up 1.47% from the previous session.
VTRS stock price is now -13.58% away from the 50-day moving average and -16.16% away from the 200-day moving average. The market capitalization of the company currently stands at $11.52B.
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, Campbell Paul, insider sold 26,925 shares of the company’s stock on Nov 11 ’24. The stock was sold for $346,686 at an average price of $12.88. Upon completion of the transaction, the insider now directly owns 126,901 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Officer Campbell Paul bought 26,925 shares of the business’s stock. A total of $346,686 was incurred on buying the stock at an average price of $12.88. A total of 2.45% of the company’s stock is owned by insiders.
During the past 12 months, Viatris Inc has had a low of $8.77 and a high of $13.55. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 1.56, and a quick ratio of 0.89.
The net profit margin was -4.32% and return on equity was -3.24% for VTRS. The company reported revenue of $3.53 billion for the quarter, compared to $3.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.06 percent.
