Danone (OTCMKTS:DANOY) Hits New 52-Week Low – What’s Next?

Danone (OTCMKTS:DANOY) reached a new 52-week low during trading on Tuesday. The stock traded as low as $13.29 and last traded at $13.30, with a volume of 46377 shares. The stock had previously closed at $13.54.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DANOY shares. Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Finally, Santander raised shares of Danone to an “outperform” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Danone Trading Down 1.5%

The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $15.04 and a 200 day moving average price of $15.42.

About Danone

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona.