Danone (OTCMKTS:DANOY) Sees Unusually-High Trading Volume – Should You Buy?

Danone (OTCMKTS:DANOY – Get Free Report) shares saw unusually-strong trading volume on Monday . 1,225,243 shares changed hands during trading, an increase of 106% from the previous session’s volume of 593,950 shares.The stock last traded at $16.72 and had previously closed at $16.61.

Wall Street Analyst Weigh In

DANOY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Santander upgraded Danone to an “outperform” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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Danone Trading Up 0.6%

The firm’s 50-day moving average is $15.43 and its 200 day moving average is $16.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

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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