Recordati Industria Chimica e Farmaceutica (OTCMKTS:RCDTF) Reaches New 52-Week Low – Here’s Why

Recordati Industria Chimica e Farmaceutica S.p.A. (OTCMKTS:RCDTF)’s stock price hit a new 52-week low on Thursday . The company traded as low as $52.25 and last traded at $52.25, with a volume of 0 shares. The stock had previously closed at $52.25.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada raised Recordati Industria Chimica e Farmaceutica to a “hold” rating in a research report on Monday, October 7th. Barclays raised Recordati Industria Chimica e Farmaceutica to a “strong sell” rating in a research report on Tuesday, October 22nd.

Recordati Industria Chimica e Farmaceutica Price Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.36. The firm has a 50-day moving average of $52.25 and a two-hundred day moving average of $51.94.

About Recordati Industria Chimica e Farmaceutica

Recordati Industria Chimica e Farmaceutica S.p.A., together with its subsidiaries, engages in the research, development, manufacture, and marketing of pharmaceuticals worldwide. The company operates through Specialty and Primary Care and Rare Diseases segments. Its product pipeline includes REC 0559 which is in Phase II for the treatment of Neurotrophic Keratitis; REC 0545 for acute decompensation in maple syrup urine diseases; ISTURISA for endogenous Cushing's syndrome; and CYSTADROPS, an corneal cystine deposits in patients with cystinosis.