Danone (OTCMKTS:DANOY) Shares Gap Up – Should You Buy?

Danone (OTCMKTS:DANOY) gapped up prior to trading on Tuesday . The stock had previously closed at $15.07, but opened at $15.4850. Danone shares last traded at $15.4850, with a volume of 2,109 shares.

Analysts Set New Price Targets

DANOY has been the topic of a number of recent analyst reports. Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Danone presently has a consensus rating of “Moderate Buy”.

Danone Stock Up 1.4%

The stock has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $16.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

About Danone

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.