Danone (OTCMKTS:DANOY) Sees Unusually-High Trading Volume – Still a Buy?

Danone (OTCMKTS:DANOY) saw strong trading volume on Monday. 433,224 shares were traded during trading, a decline of 25% from the previous session’s volume of 580,547 shares. The stock last traded at $13.57 and had previously closed at $13.64.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. Finally, Jefferies Financial Group lowered shares of Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Danone Stock Down 0.4%

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 firm’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $15.44.

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.