Danone (OTCMKTS:DANOY) Sets New 1-Year Low – What’s Next?

Shares of Danone (OTCMKTS:DANOY – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $14.44 and last traded at $14.51, with a volume of 16881 shares. The stock had previously closed at $14.68.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DANOY. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Monday, February 23rd. Kepler Capital Markets raised Danone to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Danone in a research report on Thursday, May 7th. 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 one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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Danone Price Performance

The business has a 50 day simple moving average of $15.86 and a 200-day simple moving average of $16.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90.

Danone Company Profile

(Get Free Report)

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.

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