Givaudan (OTCMKTS:GVDNY) Shares Gap Down – Should You Sell?

Givaudan SA (OTCMKTS:GVDNY) shares gapped down before the market opened on Thursday . The stock had previously closed at $82.6950, but opened at $77.23. Givaudan shares last traded at $77.42, with a volume of 1,001 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GVDNY. Zacks Research upgraded Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Kepler Capital Markets lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Barclays cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Berenberg Bank downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group upgraded shares of Givaudan from a “sell” rating to a “buy” rating in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Givaudan Stock Performance

The company has a 50-day moving average of $79.36 and a 200-day moving average of $76.21. 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.