Givaudan (OTCMKTS:GVDNY) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Givaudan SA (OTCMKTS:GVDNY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $71.06 and traded as high as $72.87. Givaudan shares last traded at $71.96, with a volume of 25,368 shares traded.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research raised shares of Givaudan from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Kepler Capital Markets lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Barclays lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Berenberg Bank lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group lowered shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Givaudan Stock Performance

The firm’s 50-day moving average price is $71.06 and its 200-day moving average price is $75.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13.

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.