Danone (OTCMKTS:DANOY) Shares Gap Up – Still a Buy?

Danone (OTCMKTS:DANOY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $13.11, but opened at $13.70. Danone shares last traded at $13.67, with a volume of 17,779 shares traded.

Analyst Ratings Changes

DANOY has been the subject of a number of analyst reports. Jefferies Financial Group cut shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Danone presently has an average rating of “Hold”.

Danone Stock Up 1.3%

The business has a 50 day simple moving average of $14.38 and a 200 day simple moving average of $15.18.

Danone Company Profile

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

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