Givaudan (OTCMKTS:GVDNY) Sees Large Volume Increase – Should You Buy?

Shares of Givaudan SA (OTCMKTS:GVDNY) saw unusually-strong trading volume on Wednesday . Approximately 110,108 shares changed hands during mid-day trading, an increase of 118% from the previous session’s volume of 50,503 shares.The stock last traded at $78.4550 and had previously closed at $79.05.

Wall Street Analyst Weigh In

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

Givaudan Stock Down 1.0%

The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. The company’s 50-day simple moving average is $81.39 and its 200 day simple moving average is $85.44.

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.