Danone (OTCMKTS:DANOY) Sees Large Volume Increase - Should You Buy?

Key Points

• Danone experienced a significant increase in trading volume, with approximately 2.5 million shares traded, marking a 343% rise from the previous session.
• Analysts have mixed opinions on Danone, with two analysts rating it as a Buy, while four have given it a Hold rating, indicating a current average rating of "Hold."
• The company's recent stock price was $17.17, showing a slight gain of 1.2% following its unusual trading activity.

Danone (OTCMKTS:DANOY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,487,269 shares were traded during trading, an increase of 343% from the previous session's volume of 560,911 shares.The stock last traded at $17.17 and had previously closed at $17.02.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Danone in a research report on Monday, August 4th. Jefferies Financial Group raised shares of Danone from an "underperform" rating to a "buy" rating in a research note on Tuesday, September 16th. Finally, Wall Street Zen cut shares of Danone from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Danone Trading Up 1.2%

The company has a 50-day simple moving average of $16.83 and a 200 day simple moving average of $16.49. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 0.56.

Danone Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.