Givaudan (OTCMKTS:GVDNY) Shares Gap Down – What’s Next?

Givaudan SA (OTCMKTS:GVDNY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $82.6950, but opened at $77.23. Givaudan shares last traded at $77.42, with a volume of 1,001 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research upgraded Givaudan from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Berenberg Bank downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Barclays lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Sanford C. Bernstein began coverage on shares of Givaudan in a research note on Wednesday. They issued an “underperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a report on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Givaudan presently has an average rating of “Hold”.

Givaudan Stock Down 6.3%

The company’s fifty day simple moving average is $78.98 and its two-hundred day simple moving average is $76.20. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92.

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.