Givaudan (OTCMKTS:GVDNY) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $88.40 and traded as low as $84.25. Givaudan shares last traded at $84.97, with a volume of 35,164 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup lowered shares of Givaudan from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Barclays downgraded shares of Givaudan from a “hold” rating to a “strong sell” rating in a research note on Friday, November 15th.

Givaudan Price Performance

The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average price of $88.19 and a 200 day moving average price of $95.86.

About Givaudan

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.