Givaudan (OTCMKTS:GVDNY) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $71.06 and traded as high as $72.87. Givaudan shares last traded at $71.96, with a volume of 25,368 shares trading hands.

Analyst Ratings Changes

Several brokerages recently commented on GVDNY. Berenberg Bank cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. 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. Kepler Capital Markets cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Barclays cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Givaudan presently has an average rating of “Hold”.

Givaudan Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $71.06 and its 200 day simple moving average is $75.81.

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.