Danone (OTCMKTS:DANOY) Sets New 1-Year Low – What’s Next?

Shares of Danone (OTCMKTS:DANOY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.44 and last traded at $14.51, with a volume of 16881 shares. The stock had previously closed at $14.68.

Analyst Upgrades and Downgrades

DANOY has been the topic of a number of research reports. Kepler Capital Markets raised shares of Danone to a “strong-buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Danone in a research report on Thursday, May 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Danone Stock Performance

The business has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $16.93. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Danone Company Profile

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.