Danone (OTCMKTS:DANOY) Reaches New 52-Week High – Here’s What Happened

Danone S.A. (OTCMKTS:DANOY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.23 and last traded at $16.09, with a volume of 2119506 shares changing hands. The stock had previously closed at $15.24.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Danone to a “hold” rating in a report on Tuesday, December 17th. Sanford C. Bernstein upgraded Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. Jefferies Financial Group lowered Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered Danone from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Danone Stock Performance

The stock’s 50-day moving average price is $14.60 and its 200-day moving average price is $14.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.91 and a quick ratio of 0.74.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.