Danone (OTCMKTS:DANOY) Reaches New 1-Year Low – Should You Sell?

Danone (OTCMKTS:DANOY) shares hit a new 52-week low on Tuesday. The company traded as low as $13.29 and last traded at $13.30, with a volume of 46377 shares trading hands. The stock had previously closed at $13.54.

Wall Street Analysts Forecast Growth

DANOY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Santander upgraded Danone to an “outperform” rating in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group lowered Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Danone currently has a consensus rating of “Hold”.

Danone Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. The stock’s 50 day simple moving average is $15.04 and its 200-day simple moving average is $15.42.

About Danone

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

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