Danone (OTCMKTS:DANOY) Hits New 1-Year Low – Should You Sell?

Danone (OTCMKTS:DANOY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $14.99 and last traded at $15.0150, with a volume of 27270 shares. The stock had previously closed at $15.34.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DANOY. Kepler Capital Markets raised Danone to a “strong-buy” rating in a report on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating on shares of Danone in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Danone Trading Down 0.4%

The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $16.00 and a 200-day moving average price of $17.01.

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.