The stock of Viatris Inc (NASDAQ:VTRS) last traded at $8.79, down -1.90% from the previous session.
VTRS stock price is now 2.76% away from the 50-day moving average and -19.99% away from the 200-day moving average. The market capitalization of the company currently stands at $10.32B.
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 $1.12 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 2.54% of the company’s stock is owned by insiders.
During the past 12 months, Viatris Inc has had a low of $6.85 and a high of $13.55. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 1.58, and a quick ratio of 0.86.
The net profit margin was -26.57% and return on equity was -21.25% for VTRS. The company reported revenue of $3.25 billion for the quarter, compared to $3.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.17 percent.
