Givaudan (OTCMKTS:GVDNY) Shares Gap Up – Time to Buy?

Givaudan SA (OTCMKTS:GVDNY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $73.33, but opened at $78.28. Givaudan shares last traded at $78.23, with a volume of 3,750 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on GVDNY. Barclays downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Zacks Research upgraded Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Kepler Capital Markets cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a report on Monday. Finally, Berenberg Bank cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Givaudan Price Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13. The stock’s fifty day simple moving average is $71.70 and its 200-day simple moving average is $75.67.

About Givaudan

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.