Danone (OTCMKTS:DANOY) Sees Strong Trading Volume – Still a Buy?

Shares of Danone (OTCMKTS:DANOY) saw an uptick in trading volume on Monday . 1,225,243 shares changed hands during mid-day trading, an increase of 106% from the previous session’s volume of 593,950 shares.The stock last traded at $16.72 and had previously closed at $16.61.

Analyst Ratings Changes

A number of equities analysts have weighed in on DANOY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Finally, Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Danone Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $15.43 and a 200-day moving average of $16.08.

About Danone

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.