Danone (OTCMKTS:DANOY) Reaches New 52-Week High – Here’s Why

Danone S.A. (OTCMKTS:DANOY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $15.37 and last traded at $15.00, with a volume of 5236022 shares changing hands. The stock had previously closed at $14.50.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Jefferies Financial Group downgraded shares of Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein raised shares of Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. The Goldman Sachs Group raised Danone to a “hold” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada cut Danone from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Danone Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The firm’s 50-day simple moving average is $13.71 and its 200 day simple moving average is $13.90.

Danone Company Profile

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.