Danone (OTCMKTS:DANOY) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Danone (OTCMKTS:DANOY) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $15.38 and traded as high as $15.5963. Danone shares last traded at $15.40, with a volume of 2,439,626 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DANOY shares. Zacks Research downgraded Danone from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Jefferies Financial Group upgraded shares of Danone from a “moderate sell” rating to a “hold” rating in a report on Thursday, October 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Danone Stock Up 1.4%

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.97 and a quick ratio of 0.81. The stock has a 50-day moving average price of $14.00 and a 200 day moving average price of $15.38.

Danone Company Profile

Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.

The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.