Givaudan (OTCMKTS:GVDNY) Hits New 52-Week Low – Here’s What Happened

Shares of Givaudan SA (OTCMKTS:GVDNY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $77.00 and last traded at $77.00, with a volume of 2659 shares changing hands. The stock had previously closed at $82.69.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised Givaudan from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Jefferies Financial Group raised Givaudan from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. Finally, Barclays upgraded Givaudan from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, Givaudan currently has a consensus rating of “Strong Buy”.

Givaudan Trading Up 0.7%

The firm has a 50 day simple moving average of $83.92 and a 200 day simple moving average of $88.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 1.38.

About Givaudan

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.