Givaudan (OTCMKTS:GVDNY) Shares Cross Below 200-Day Moving Average – Here’s Why

Givaudan SA (OTCMKTS:GVDNYGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $97.02 and traded as low as $86.88. Givaudan shares last traded at $86.96, with a volume of 25,639 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GVDNY. Citigroup cut Givaudan from a “buy” rating to a “neutral” rating in a research note on Thursday, October 17th. Barclays lowered shares of Givaudan from a “hold” rating to a “strong sell” rating in a research report on Friday, November 15th.

Check Out Our Latest Stock Report on Givaudan

Givaudan Price Performance

The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $92.23 and a two-hundred day simple moving average of $97.02.

About Givaudan

(Get Free Report)

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.

Further Reading

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