Danone (OTCMKTS:DANOY) Sets New 1-Year Low – Time to Sell?

Danone (OTCMKTS:DANOY)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $14.1878 and last traded at $14.19, with a volume of 365786 shares changing hands. The stock had previously closed at $14.27.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. Santander raised Danone to an “outperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Friday, July 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Danone Stock Down 0.4%

The business has a fifty day moving average of $15.70 and a 200-day moving average of $15.65. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58.

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.