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

Shares of Danone (OTCMKTS:DANOY) gapped down before the market opened on Wednesday . The stock had previously closed at $17.24, but opened at $16.1499. Danone shares last traded at $15.96, with a volume of 73,565 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DANOY. Deutsche Bank Aktiengesellschaft lowered shares of Danone from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Friday, October 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Danone in a report on Wednesday, October 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Danone Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.78. The company has a 50-day moving average price of $17.92 and a two-hundred day moving average price of $17.36.

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.