Grifols, S.A. (GRFS) is Downgraded by Morgan Stanley to Underweight

Grifols, S.A. (GRFS) is Downgraded by Morgan Stanley to Underweight , according to the research report released to the investors. Earlier the firm had a rating of Equal-Weight on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Grifols, S.A. is up 5.99% in the last 3-month period. Year-to-Date the stock performance stands at -2.57%.

Grifols, S.A. (NASDAQ:GRFS) has lost 1.28% during the past week and dropped 7.88% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.46%. Grifols, S.A. (NASDAQ:GRFS) has underperformed the index by 5.72% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Grifols, S.A. (NASDAQ:GRFS) ended Thursday session in red amid volatile trading. The shares closed down 0.45 points or 1.37% at $32.4 with 191,044 shares getting traded. Post opening the session at $32.84, the shares hit an intraday low of $32.3 and an intraday high of $32.9499 and the price vacillated in this range throughout the day. The company has a market cap of $11,138 million and the number of outstanding shares have been calculated to be 343,777,450 shares. The 52-week high of Grifols, S.A. (NASDAQ:GRFS) is $36.08 and the 52-week low is $29.06.

Institutional Investors own 27.06% of Grifols, S.A. shares.