Danone (OTCMKTS:DANOY – Get Free Report) shares saw unusually-high trading volume on Thursday. 1,682,236 shares changed hands during 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.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Danone from a “moderate sell” rating to a “hold” rating in a report on Thursday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Zacks Research downgraded Danone from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned 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.com, the stock currently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on DANOY
Danone Price Performance
The firm’s 50 day moving average price is $13.99 and its two-hundred day moving average price is $15.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.97 and a quick ratio of 0.81.
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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