Danone (OTCMKTS:DANOY) Sees Unusually-High Trading Volume – What’s Next?

Danone (OTCMKTS:DANOY) shares saw an uptick in trading volume on Wednesday . 2,311,583 shares were traded during trading, an increase of 174% from the previous session’s volume of 843,924 shares.The stock last traded at $15.90 and had previously closed at $15.8630.

Analyst Ratings Changes

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

Danone Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $17.36.

Danone Company Profile

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.