Danone (OTCMKTS:DANOY) Sets New 12-Month Low – Time to Sell?

Danone (OTCMKTS:DANOY) hit a new 52-week low on Wednesday. The company traded as low as $13.6690 and last traded at $13.7150, with a volume of 86243 shares changing hands. The stock had previously closed at $13.88.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group lowered Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised shares of Danone from a “sell” rating to a “hold” rating in a research note on Tuesday. Santander upgraded shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Danone Stock Performance

The business’s 50-day simple moving average is $15.16 and its 200-day simple moving average is $15.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

Danone Company Profile

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

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