Danone (OTCMKTS:DANOY) Shares Gap Up – Here’s Why

Danone (OTCMKTS:DANOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $15.62, but opened at $16.30. Danone shares last traded at $16.13, with a volume of 1,046,728 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Danone from a “hold” rating to a “sell” rating in a report on Monday, January 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Danone in a research report on Wednesday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Thursday. Finally, Citigroup reiterated a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Danone Price Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.95. The business’s 50-day moving average is $17.53 and its 200-day moving average is $17.35.

About Danone

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.