Lonza Group (LZAGY) Cut to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of Lonza Group (OTCMKTS:LZAGY) from a hold rating to a strong sell rating in a report issued on Tuesday morning.

According to Zacks, “Lonza Group AG operates as a supplier to the pharmaceutical, healthcare and life-science industries. The Company divides its activities into four divisions: Life Science Ingredients; Microbial Control; Custom Manufacturing, and Bioscience. The company’s Life Science Ingredients segment produces nutrition ingredients for applications in nutrition (food, feed and pharmaceutical application) and chemical intermediates for the agricultural industry. The Microbial Control division focuses on five areas: hygiene, wood protection, water treatment, oil/gas applications, and industrial preservation and comprises products ranging from disinfectants to household cleaning products. The Custom Manufacturing division comprises products used in pharmaceuticals sector. The Bioscience division comprises bioscience products, including cell culture and molecular biology tools for research, tests for microbial detection, and media used in the production of therapeutics. Lonza Group AG is headquartered in Basel, Switzerland. “

Lonza Group (LZAGY) opened at $24.05 on Tuesday. Lonza Group has a fifty-two week low of $17.52 and a fifty-two week high of $29.56.

The company also recently declared a None dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Wednesday, May 9th will be issued a $0.261 dividend. The ex-dividend date of this dividend is Tuesday, May 8th. This represents a yield of 0.00960972017673049%.

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Lonza Group Company Profile

Lonza Group Ltd supplies products and services to the pharmaceutical, biotech, and specialty ingredients markets worldwide. The company operates through two segments, Pharma&Biotech and Specialty Ingredients. The Pharma&Biotech segment develops and manufactures active pharmaceutical ingredients for life-saving medicines; manufactures commercial bulk drug substance of monoclonal antibodies and recombinant proteins from mammalian cell cultures; and chemical contract manufacturing services, such as microbials, peptides, and small molecules.

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