Danone (OTCMKTS:DANOY) Sees Unusually-High Trading Volume – Time to Buy?

Danone (OTCMKTS:DANOY) shares saw unusually-strong trading volume on Friday . Approximately 652,013 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 582,940 shares.The stock last traded at $16.60 and had previously closed at $16.05.

Analysts Set New Price Targets

A number of brokerages have weighed in on DANOY. Santander upgraded Danone to an “outperform” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Danone Stock Up 2.6%

The stock has a fifty day moving average of $15.11 and a two-hundred day moving average of $16.23. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

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.