Danone (OTCMKTS:DANOY) Hits New 12-Month Low – What’s Next?

Danone (OTCMKTS:DANOY) shares hit a new 52-week low during trading on Friday . The stock traded as low as $14.1878 and last traded at $14.19, with a volume of 365786 shares traded. The stock had previously closed at $14.27.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DANOY shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Jefferies Financial Group cut Danone from a “buy” rating to an “underperform” rating in a report on Tuesday, July 21st. Finally, Santander raised shares of Danone to an “outperform” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Danone Stock Performance

The business has a 50 day moving average of $15.65 and a two-hundred day moving average of $15.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90.

Danone Company Profile

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.