Danone (OTCMKTS:DANOY) Reaches New 12-Month Low – Here’s Why

by · The Markets Daily

Shares of Danone (OTCMKTS:DANOY – Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $13.6690 and last traded at $13.7150, with a volume of 86243 shares trading hands. The stock had previously closed at $13.88.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DANOY. Morgan Stanley restated an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group lowered shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Finally, Santander raised shares of Danone to an “outperform” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Report on Danone

Danone Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. The business has a 50 day simple moving average of $15.28 and a 200-day simple moving average of $15.49.

About Danone

(Get Free Report)

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.

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