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

Shares of Givaudan SA (OTCMKTS:GVDNY) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $78.98 and traded as high as $84.1150. Givaudan shares last traded at $83.1050, with a volume of 14,504 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on GVDNY shares. Sanford C. Bernstein began coverage on shares of Givaudan in a report on Wednesday. They set an “underperform” rating for the company. Zacks Research raised Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Berenberg Bank downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Barclays lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Kepler Capital Markets downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Givaudan has an average rating of “Hold”.

Givaudan Price Performance

The business’s 50-day simple moving average is $78.98 and its two-hundred day simple moving average is $76.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13.

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.