Givaudan (OTCMKTS:GVDNY) Reaches New 52-Week Low – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $75.46 and last traded at $76.16, with a volume of 23301 shares changing hands. The stock had previously closed at $80.76.

Wall Street Analysts Forecast Growth

GVDNY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Givaudan from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Barclays raised shares of Givaudan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Finally, Jefferies Financial Group raised shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Givaudan Stock Down 5.4%

The firm has a 50 day moving average price of $80.33 and a 200-day moving average price of $83.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 1.38.

About Givaudan

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.