Givaudan (OTCMKTS:GVDNY) Shares Cross Below 50-Day Moving Average – What’s Next?

Givaudan SA (OTCMKTS:GVDNYGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $82.94 and traded as low as $79.07. Givaudan shares last traded at $79.47, with a volume of 9,871 shares traded.

Wall Street Analysts Forecast Growth

GVDNY has been the subject of several recent analyst reports. Barclays upgraded Givaudan from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Jefferies Financial Group raised shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, Givaudan presently has an average rating of “Strong Buy”.

Check Out Our Latest Analysis on GVDNY

Givaudan Trading Down 0.1%

The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average price of $82.73 and a 200 day moving average price of $86.69.

Givaudan Company Profile

(Get Free Report)

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.

Further Reading

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