Danone (OTCMKTS:DANOY) Hits New 52-Week Low – Here’s What Happened

Shares of Danone (OTCMKTS:DANOY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.6690 and last traded at $13.7150, with a volume of 86243 shares trading hands. The stock had previously closed at $13.88.

Wall Street Analyst Weigh In

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

Danone Stock Performance

The business has a 50-day moving average of $15.28 and a two-hundred day moving average of $15.49. 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 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.