Givaudan (OTCMKTS:GVDNY) Share Price Passes Above 50 Day Moving Average – Here’s Why

Givaudan SA (OTCMKTS:GVDNY) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $82.42 and traded as high as $84.39. Givaudan shares last traded at $83.44, with a volume of 7,290 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on GVDNY shares. Kepler Capital Markets cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein started coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They issued a “strong sell” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research report on Monday, July 27th. The Goldman Sachs Group upgraded shares of Givaudan from a “sell” rating to a “buy” rating in a research note on Monday, June 8th. Finally, Zacks Research upgraded shares of Givaudan from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Givaudan currently has a consensus rating of “Hold”.

Givaudan Price Performance

The business has a 50 day moving average price of $82.46 and a 200 day moving average price of $76.52. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13.

About Givaudan

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.