Danone (OTCMKTS:DANOY) Hits New 1-Year Low – Here’s What Happened

Danone (OTCMKTS:DANOY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $14.25 and last traded at $14.27, with a volume of 227123 shares. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a report on Monday, February 23rd. Kepler Capital Markets raised Danone to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Danone Price Performance

The firm has a 50-day moving average of $15.55 and a two-hundred day moving average of $16.72. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Danone Company Profile

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.