Givaudan (OTCMKTS:GVDNY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Givaudan SA (OTCMKTS:GVDNY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.63 and traded as low as $89.43. Givaudan shares last traded at $89.47, with a volume of 21,261 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded shares of Givaudan from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Givaudan Stock Performance

The firm has a fifty day moving average price of $88.31 and a 200 day moving average price of $91.50. The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.99.

Givaudan Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 25th will be paid a $1.5503 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Givaudan’s previous dividend of $0.97.

Givaudan Company Profile

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.