Danone (OTCMKTS:DANOY) Sees Large Volume Increase – Time to Buy?

Danone (OTCMKTS:DANOY) saw strong trading volume on Thursday. 1,682,236 shares changed hands during trading, an increase of 183% from the average daily volume of 595,024 shares. The stock last traded at $15.4150 and had previously closed at $15.19.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut Danone from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Morgan Stanley restated an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Finally, Jefferies Financial Group raised shares of Danone from a “moderate sell” rating to a “hold” rating in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Danone Stock Down 2.6%

The company has a current ratio of 0.97, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $14.00 and a 200 day moving average price of $15.37.

About Danone

Danone is a France-based food and beverage company focused on dairy and plant-based products, bottled water, and specialized nutrition. Its portfolio includes products for everyday consumption as well as nutrition for infants and people with specific dietary needs.

The company sells brands including Activia, Actimel, Alpro, Evian, Volvic, Aptamil, and Nutricia. Its products are distributed across markets worldwide.

Danone traces its origins to 1919, when Isaac Carasso began making yogurt in Barcelona.