Danone (OTCMKTS:DANOY) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Danone (OTCMKTS:DANOY) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.38 and traded as high as $15.5963. Danone shares last traded at $15.40, with a volume of 2,439,626 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Zacks Research lowered shares of Danone from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Finally, Jefferies Financial Group upgraded shares of Danone from a “moderate sell” rating to a “hold” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Danone Stock Performance

The stock has a 50 day simple moving average of $14.00 and a 200 day simple moving average of $15.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.97.

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.