Givaudan (OTCMKTS:GVDNY) Shares Gap Up – Should You Buy?

Shares of Givaudan SA (OTCMKTS:GVDNY) gapped up before the market opened on Tuesday . The stock had previously closed at $73.33, but opened at $78.28. Givaudan shares last traded at $78.23, with a volume of 3,750 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GVDNY. Barclays downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Zacks Research upgraded Givaudan from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Kepler Capital Markets downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. The Goldman Sachs Group upgraded Givaudan from a “sell” rating to a “buy” rating in a report on Monday. Finally, Berenberg Bank downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Givaudan Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13. The firm has a 50-day moving average price of $71.21 and a two-hundred day moving average price of $75.69.

Givaudan Company Profile

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.