Danone (OTCMKTS:DANOY) Sets New 1-Year Low – Here’s Why

Danone (OTCMKTS:DANOY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.99 and last traded at $15.0150, with a volume of 27270 shares changing hands. The stock had previously closed at $15.34.

Analyst Upgrades and Downgrades

DANOY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of Danone to a “strong-buy” rating in a report on Wednesday, February 11th. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Danone currently has an average rating of “Moderate Buy”.

Danone Stock Performance

The stock’s fifty day moving average is $16.04 and its two-hundred day moving average is $17.03. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

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.