Danone (OTCMKTS:DANOY) Shares Gap Up – What’s Next?

Danone (OTCMKTS:DANOY – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $14.34, but opened at $15.08. Danone shares last traded at $15.08, with a volume of 21,224 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DANOY shares. Kepler Capital Markets upgraded shares of Danone to a “strong-buy” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Danone in a research note on Thursday, May 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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Danone Price Performance

The business’s 50 day moving average price is $15.29 and its 200-day moving average price is $16.51. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58.

About Danone

(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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