Danone (OTCMKTS:DANOY) Sets New 1-Year Low – Here’s Why

Danone (OTCMKTS:DANOY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $14.99 and last traded at $15.0150, with a volume of 27270 shares trading hands. The stock had previously closed at $15.34.

Wall Street Analysts Forecast Growth

DANOY has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Thursday. Finally, Kepler Capital Markets raised shares of Danone to a “strong-buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Danone Price Performance

The stock’s 50-day moving average price is $16.04 and its 200-day moving average price is $17.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

Danone Company Profile

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.