Danone (OTCMKTS:DANOY) Hits New 12-Month Low – What’s Next?

Danone (OTCMKTS:DANOY) shares hit a new 52-week low on Thursday . The stock traded as low as $13.91 and last traded at $13.96, with a volume of 302875 shares traded. The stock had previously closed at $14.1650.

Analyst Ratings Changes

DANOY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Friday, July 3rd. Jefferies Financial Group downgraded 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 research note on Thursday, July 30th. Finally, Santander upgraded shares of Danone to an “outperform” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Danone Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. The company has a 50-day moving average of $15.38 and a 200-day moving average of $15.54.

About Danone

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

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