Danone (OTCMKTS:DANOY) Sees Large Volume Increase – Here’s Why

Danone (OTCMKTS:DANOY) saw an uptick in trading volume on Wednesday . 2,311,583 shares changed hands during trading, an increase of 174% from the previous session’s volume of 843,924 shares.The stock last traded at $15.90 and had previously closed at $15.8630.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DANOY shares. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Friday, October 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Danone in a report on Wednesday, October 29th. Citigroup reissued a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Danone from a “hold” rating to a “sell” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Danone Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.78 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $17.67 and a 200 day moving average price of $17.36.

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.