Givaudan (OTCMKTS:GVDNY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Givaudan SA (OTCMKTS:GVDNY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $80.48 and traded as high as $80.69. Givaudan shares last traded at $80.12, with a volume of 67,643 shares.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays upgraded Givaudan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded Givaudan from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Finally, Jefferies Financial Group upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Givaudan Price Performance

The stock’s 50 day moving average price is $80.48 and its 200-day moving average price is $84.09. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.38 and a quick ratio of 0.85.

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.