Danone (OTCMKTS:DANOY) Shares Gap Up – Here’s Why

Danone (OTCMKTS:DANOY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $15.62, but opened at $16.30. Danone shares last traded at $16.13, with a volume of 1,046,728 shares changing hands.

Analyst Ratings Changes

Several research firms recently issued reports on DANOY. Citigroup restated a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lowered Danone from a “hold” rating to a “sell” rating in a research note on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Danone in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Danone presently has an average rating of “Hold”.

Danone Price Performance

The firm’s 50-day moving average is $17.47 and its 200-day moving average is $17.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.78.

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.