Danone (OTCMKTS:DANOY) Shares Gap Up – Should You Buy?

Danone (OTCMKTS:DANOY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $15.07, but opened at $15.4850. Danone shares last traded at $15.4850, with a volume of 2,109 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on DANOY shares. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Thursday, May 7th. Finally, Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Danone Stock Up 1.4%

The firm has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $16.27. 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.