Givaudan (OTCMKTS:GVDNY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Givaudan SA (OTCMKTS:GVDNY) saw unusually-strong trading volume on Thursday . Approximately 316,396 shares changed hands during mid-day trading, an increase of 416% from the previous session’s volume of 61,275 shares.The stock last traded at $68.31 and had previously closed at $68.23.

Analyst Ratings Changes

Several brokerages recently issued reports on GVDNY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a research note on Friday, January 30th. Barclays lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Zacks Research cut shares of Givaudan from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. The Goldman Sachs Group downgraded Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Finally, Berenberg Bank cut Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Givaudan has an average rating of “Hold”.

Givaudan Price Performance

The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $75.30 and its 200 day moving average price is $79.81.

Givaudan Company Profile

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.