Danone (OTCMKTS:DANOY) Shares Gap Up – Here’s Why

Danone (OTCMKTS:DANOY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.34, but opened at $15.08. Danone shares last traded at $15.08, with a volume of 21,224 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on DANOY. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Monday, February 23rd. Kepler Capital Markets upgraded Danone to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Danone in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Danone currently has an average rating of “Moderate Buy”.

Danone Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. The stock’s fifty day moving average is $15.34 and its two-hundred day moving average is $16.59.

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.