Danone (OTCMKTS:DANOY) Sets New 1-Year Low - Here's Why

Key Points

• Danone hit a new 52-week low, trading as low as $14.99 intraday and last at $15.0150 on a volume of 27,270 shares (prior close $15.34).
• Analyst sentiment is mixed — Kepler upgraded to Strong Buy, Morgan Stanley reiterated Overweight, Deutsche Bank maintained a Sell, and MarketBeat's consensus is a Moderate Buy (1 Strong Buy, 2 Buy, 2 Hold, 1 Sell).
• The stock is trading below its key averages (50-day $16.04, 200-day $17.03) and shows tight liquidity with a current ratio of 0.90 and quick ratio of 0.75, while debt-to-equity stands at 0.58.

Danone (OTCMKTS:DANOY - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.99 and last traded at $15.0150, with a volume of 27270 shares changing hands. The stock had previously closed at $15.34.

Analyst Upgrades and Downgrades

DANOY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of Danone to a "strong-buy" rating in a report on Wednesday, February 11th. Morgan Stanley reiterated an "overweight" rating on shares of Danone in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Danone in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Danone currently has an average rating of "Moderate Buy".

Danone Stock Performance

The stock's fifty day moving average is $16.04 and its two-hundred day moving average is $17.03. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone's long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone's principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.

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