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

Givaudan SA (OTCMKTS:GVDNY) gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

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

Givaudan Stock Performance

The business has a fifty day moving average of $71.21 and a 200 day moving average of $75.69. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.

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.