Givaudan (OTCMKTS:GVDNY) Sees Large Volume Increase – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY) saw an uptick in trading volume on Thursday . 116,793 shares changed hands during trading, an increase of 189% from the previous session’s volume of 40,409 shares.The stock last traded at $78.87 and had previously closed at $78.23.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GVDNY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Jefferies Financial Group upgraded Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Barclays raised Givaudan from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, Givaudan has a consensus rating of “Strong Buy”.

Givaudan Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 1.38. The company has a 50-day moving average of $83.66 and a 200 day moving average of $87.69.

Givaudan Company Profile

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.