Givaudan (OTCMKTS:GVDNY) Sets New 12-Month Low – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $66.54 and last traded at $66.82, with a volume of 10407 shares changing hands. The stock had previously closed at $68.8150.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. Finally, The Goldman Sachs Group cut shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Givaudan Trading Down 3.4%

The firm’s 50 day moving average is $77.08 and its 200 day moving average is $80.74. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.

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.