Danone (OTCMKTS:DANOY) Shares Gap Up – Still a Buy?

Danone (OTCMKTS:DANOY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.07, but opened at $15.4850. Danone shares last traded at $15.4850, with a volume of 2,109 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DANOY shares. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Danone in a research note on Thursday, May 7th. Santander upgraded Danone to an “outperform” rating in a report on Wednesday, June 10th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Danone Stock 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 firm has a 50 day moving average price of $15.11 and a 200 day moving average price of $16.24.

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.