The Goldman Sachs Group Initiates Coverage on Merck KGaA (OTCMKTS:MKKGY)

The Goldman Sachs Group started coverage on shares of Merck KGaA (OTCMKTS:MKKGY) in a research note released on Thursday morning, MarketBeat.com reports. The firm issued a buy rating on the stock.

Merck KGaA Stock Performance

OTCMKTS MKKGY opened at $35.23 on Thursday. The company’s fifty day moving average is $36.43 and its two-hundred day moving average is $35.02. Merck KGaA has a 52-week low of $28.59 and a 52-week high of $39.17.

About Merck KGaA

Merck KGaA operates as a science and technology company in Germany. It operates through Life Science, Healthcare, and Electronics segments. The company's Life Science segment offers tools, chemicals, and equipment for academic labs, biotech, and pharmaceutical manufacturers, as well as industrial sector.