Danone (OTCMKTS:DANOY) Shares Gap Up – Still a Buy?

Danone (OTCMKTS:DANOY) gapped up prior to trading on Wednesday . The stock had previously closed at $14.34, but opened at $15.08. Danone shares last traded at $15.08, with a volume of 21,224 shares.

Analysts Set New Price Targets

DANOY has been the subject of a number of research analyst reports. Kepler Capital Markets upgraded Danone to a “strong-buy” rating in a research report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Danone has a consensus rating of “Moderate Buy”.

Danone Stock Up 1.1%

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. The firm’s 50-day moving average is $15.34 and its 200-day moving average is $16.59.

Danone Company Profile

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.