Danone (OTCMKTS:DANOY) Shares Gap Up - Time to Buy?

Key Points

• Danone's share price increased from $15.26 to $16.19 before opening on Wednesday, with the last trade at $16.28 and a volume of 132,019 shares.
• Citigroup has maintained a "neutral" rating for Danone stock, which has one sell rating and four hold ratings, indicating a general wait-and-see approach from analysts.
• Danone operates in the food and beverage sector with segments including Essential Dairy & Plant-Based, Specialized Nutrition, and Waters, catering to multiple regions worldwide.

Danone (OTCMKTS:DANOY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $15.26, but opened at $16.19. Danone shares last traded at $16.28, with a volume of 132,019 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a "neutral" rating on shares of Danone in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Danone presently has an average rating of "Hold".

Danone Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 0.93. The company has a 50 day simple moving average of $16.35 and a 200-day simple moving average of $15.69.

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.