European Stocks to Focus: Novo Nordisk A/S (ADR) (NVO),

FEBRUARY 10TH, 2016

Novo Nordisk A/S (ADR) (NYSE:NVO):

 

The company’s RSI reading has hit 23.37. The stock edged lower by -0.98% to close previous trading session at USD 46.56.

 

The shares of the company fluctuated in the range of USD 41.87 and USD 60.34 in the course of 52 weeks. Over the three months, the company’s shares have declined by -13.71% and in the past one year, it has gained 9.73%. Additionally, the stock’s year to date performance has declined -19.83%. Over the last five days its shares have declined by -15.44% and in the past six months it has moved down -19.26%.

 

Further, the company is trading at a price to earnings ratio of 22.99 and the stock is at a price to book ratio of 17.00. The stock’s weekly volatility is calculated as 2.84% and monthly volatility as 2.21% with ATR of 1.56, beta of 0.83 and price to cash ratio of 31.88.

 

Novo Nordisk a healthcare company, involves in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide. It functions in two segments, Diabetes Care and Biopharmaceuticals. The Diabetes Care segment covers insulins, GLP-1 analog, obesity, and oral antidiabetic drugs, as well as other protein related products comprising glucagon, protein related delivery systems, and needles. The Biopharmaceuticals segment offers products in the areas of haemophilia care, growth hormone therapy, and hormone replacement therapy. The company markets and distributes its products through its subsidiaries, distributors, and independent agents. Novo Nordisk A/S has a collaboration agreement with the Langer Laboratory for the development of next-generation drug delivery devices; and collaboration and licensing agreement with Ablynx nv to discover and develop novel multi-specific Nanobody drug candidates.

 

Mallinckrodt PLC (NYSE:MNK):

 

The stock decreased by -3.29% to close last trading session at USD 63.00. The company’s shares oscillated in the range of USD 60.63 and USD 134.26 during intraday trade.

 

A total of 3.59 million shares exchanged hands, above its 3 month average volume of 2.07 million shares. Over the last five days its shares have surged by 8.54% and in the past six months it has moved down -37.23%.

 

Furthermore, the stock has weekly volatility of 6.97% and monthly volatility of 7.50% with ATR of 4.44. The stock’s RSI is 44.56 and distance from 50-day simple moving average is -8.49%, whereas its distance from 20-day simple moving average is -2.06% and distance from 200-day simple moving average is -30.18%.

 

Mallinckrodt plc (MNK), a leading global specialty biopharmaceutical company, on Feb. 2 reported results for the first quarter of fiscal 2016. Amounts reported reflect presentation of the company’s former contrast media and delivery systems (CMDS) business as a discontinued operation. Unless otherwise noted, all comparisons of first quarter fiscal 2016 performance are to the first quarter of fiscal 2015.

 

Total company net sales were $914.8 million in the first quarter of fiscal 2016, up 20.3% on an operational basis from $768.2 million. Exceptional Specialty Brands segment performance, up 45.4%, was the primary growth contributor driven by solid organic growth in H.P. Acthar Gel (repository corticosteroid injection) and the inclusion of INOMAX (nitric oxide) for inhalation and Therakos immunotherapy. Specialty Brands results were offset by decreased net sales within the Specialty Generics segment. The impact of foreign currency also lowered reported net sales by $9.2 million.

 

TAGSMALLINCKRODTMNKNOVO NORDISKNVONYSE:MNKNYSE:NVO

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European Stocks to Focus: Novo Nordisk A/S (ADR) (NVO), Mallinckrodt PLC (MNK)