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Danone (OTCMKTS:DANOY) Sees Unusually-High Trading Volume - Time to Buy?

Danone logo with Consumer Staples background

Danone (OTCMKTS:DANOY - Get Free Report) saw an uptick in trading volume on Wednesday . 3,040,191 shares traded hands during mid-day trading, an increase of 338% from the previous session's volume of 693,798 shares.The stock last traded at $16.14 and had previously closed at $16.60.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "neutral" rating on shares of Danone in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Danone currently has an average rating of "Hold".

View Our Latest Stock Report on DANOY

Danone Stock Performance

The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $16.79 and a 200 day moving average price of $15.23.

Danone Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 5th were given a dividend of $0.3675 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a dividend yield of 2.16%.

Danone Company Profile

(Get Free Report)

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.

Further Reading

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