Givaudan (OTCMKTS:GVDNY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Givaudan SA (OTCMKTS:GVDNY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $71.85 and traded as low as $69.11. Givaudan shares last traded at $70.04, with a volume of 35,139 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays cut Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Citigroup reissued a “neutral” rating on shares of Givaudan in a research note on Tuesday, February 3rd. Berenberg Bank lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group lowered shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Finally, Zacks Research lowered shares of Givaudan from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Givaudan Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $71.85 and its two-hundred day simple moving average is $78.03.

About Givaudan

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.