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

Danone (OTCMKTS:DANOY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $13.11, but opened at $13.70. Danone shares last traded at $13.67, with a volume of 17,779 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DANOY shares. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Danone Stock Performance

The business has a 50 day moving average of $14.38 and a two-hundred day moving average of $15.18.

Danone Company Profile

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona.