Danone (OTCMKTS:DANOY) Shares Gap Down – What’s Next?
by Mitch Edgeman · The Markets DailyDanone (OTCMKTS:DANOY – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $17.24, but opened at $16.1499. Danone shares last traded at $15.96, with a volume of 73,565 shares.
Analyst Ratings Changes
Several equities analysts have commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Danone in a report on Wednesday, October 29th. Citigroup reaffirmed a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lowered Danone from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Danone currently has an average rating of “Hold”.
View Our Latest Stock Analysis on Danone
Danone Price Performance
The company’s 50-day simple moving average is $17.92 and its 200-day simple moving average is $17.36. The company has a current ratio of 0.95, a quick ratio of 0.78 and a debt-to-equity ratio of 0.66.
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.