Danone (OTCMKTS:DANOY) Shares Gap Down – Should You Sell?

Danone (OTCMKTS:DANOY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $18.09, but opened at $17.4401. Danone shares last traded at $17.63, with a volume of 121,245 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on DANOY shares. Deutsche Bank Aktiengesellschaft downgraded Danone from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank Of Canada restated a “sector perform” rating on shares of Danone in a report on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Friday, October 10th. Citigroup reissued a “neutral” rating on shares of Danone in a research report on Wednesday, October 29th. Finally, Jefferies Financial Group raised Danone from an “underperform” rating to a “buy” rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Danone Stock Down 1.8%

The firm has a 50-day moving average of $17.98 and a two-hundred day moving average of $17.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.95.

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.