Danone (OTCMKTS:DANOY) Reaches New 52-Week Low – Here’s What Happened

Danone (OTCMKTS:DANOY) shares reached a new 52-week low during trading on Friday . The stock traded as low as $14.1878 and last traded at $14.19, with a volume of 365786 shares changing hands. The stock had previously closed at $14.27.

Analyst Ratings Changes

DANOY has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Jefferies Financial Group downgraded Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. Finally, Santander raised Danone to an “outperform” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Danone Stock Performance

The firm’s 50-day moving average price is $15.70 and its 200-day moving average price is $15.65. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

About Danone

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.