Danone (OTCMKTS:DANOY – Get Free Report) shares saw an uptick in trading volume on Thursday. 1,682,236 shares changed hands during mid-day trading, an increase of 183% from the average daily volume of 595,024 shares. The stock last traded at $15.4150 and had previously closed at $15.19.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Zacks Research downgraded Danone from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Jefferies Financial Group raised Danone from a “moderate sell” rating to a “hold” rating in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft upgraded Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on DANOY
Danone Stock Performance
The business’s 50 day simple moving average is $13.99 and its two-hundred day simple moving average is $15.39. The company has a quick ratio of 0.81, a current ratio of 0.97 and a debt-to-equity ratio of 0.60.
Danone Company Profile
Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.
The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.
Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.
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