Danone (OTCMKTS:DANOY) Stock Price Down 0.7% - Here's What Happened

Key Points

• Danone's stock price fell by 0.7% to $17.11, with a trading volume of approximately 182,326 shares, marking a 26% decrease from its average volume.
• Analyst ratings for Danone show mixed sentiments, with Morgan Stanley maintaining an "overweight" rating while Jefferies upgraded it to "buy," and Wall Street Zen downgraded it to "hold," resulting in an average rating of "hold" among analysts.
• The company operates across multiple segments, including Essential Dairy & Plant-Based and Specialized Nutrition, and has a debt-to-equity ratio of 0.56.

Danone (OTCMKTS:DANOY - Get Free Report) shares dropped 0.7% on Wednesday . The stock traded as low as $17.05 and last traded at $17.11. Approximately 182,326 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 244,897 shares. The stock had previously closed at $17.23.

Analyst Ratings Changes

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

Danone Trading Down 0.7%

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.77. The company has a 50-day moving average price of $16.80 and a 200-day moving average price of $16.48.

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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