Danone (OTCMKTS:DANOY) Shares Gap Down – Time to Sell?
by Sarita Garza · The Markets DailyDanone (OTCMKTS:DANOY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $18.09, but opened at $17.4401. Danone shares last traded at $17.63, with a volume of 121,245 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on DANOY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Danone in a research report on Wednesday, October 29th. Citigroup restated a “neutral” rating on shares of Danone in a research note on Wednesday, October 29th. Jefferies Financial Group upgraded Danone from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft downgraded Danone from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Analysis on DANOY
Danone Trading Down 1.8%
The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.95. The firm has a fifty day moving average price of $17.98 and a 200 day moving average price of $17.32.
About Danone
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.