Givaudan SA (OTCMKTS:GVDNY – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 11,169 shares, a decrease of 87.0% from the May 14th total of 86,247 shares. Based on an average trading volume of 71,025 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
Givaudan Price Performance
OTCMKTS GVDNY opened at $79.22 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13. The business has a fifty day simple moving average of $71.47 and a 200 day simple moving average of $75.68. Givaudan has a 12 month low of $65.97 and a 12 month high of $102.85.
Wall Street Analysts Forecast Growth
GVDNY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday. Kepler Capital Markets downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a research report on Monday. Finally, Berenberg Bank downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.
Givaudan Company Profile
Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.
Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.
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