Danone (OTCMKTS:DANOY) Shares Up 1.7% - Still a Buy?

Key Points

• Danone's shares increased by 1.7%, closing at $17.89 after trading as high as $17.93.
• Analysts have mixed ratings on Danone, with Jefferies upgrading it to a buy while Wall Street Zen downgraded it to a hold, resulting in an average rating of hold from two buy ratings and four hold ratings.
• The company's key financial ratios include a debt-to-equity ratio of 0.66, quick ratio of 0.78, and a current ratio of 0.95, indicating stable financial health.

Danone (OTCMKTS:DANOY - Get Free Report) shares shot up 1.7% on Thursday . The company traded as high as $17.93 and last traded at $17.89. 150,849 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 454,260 shares. The stock had previously closed at $17.59.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DANOY. Jefferies Financial Group raised shares of Danone from an "underperform" rating to a "buy" rating in a research note on Tuesday, September 16th. Wall Street Zen downgraded shares of Danone from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Danone in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold".

Danone Trading Up 1.7%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.78 and a current ratio of 0.95. The business's 50-day simple moving average is $17.21 and its 200 day simple moving average is $16.69.

About Danone

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.

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