Givaudan (OTCMKTS:GVDNY) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNYGet Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $81.11 and traded as low as $79.91. Givaudan shares last traded at $80.79, with a volume of 24,580 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on GVDNY shares. Barclays raised Givaudan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Jefferies Financial Group upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Givaudan from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Givaudan currently has an average rating of “Strong Buy”.

Read Our Latest Analysis on Givaudan

Givaudan Trading Up 1.1%

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.38 and a quick ratio of 0.85. The business has a 50-day simple moving average of $81.11 and a two-hundred day simple moving average of $84.75.

About Givaudan

(Get Free Report)

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.

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