Givaudan (OTCMKTS:GVDNY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Givaudan (OTCMKTS:GVDNY) experienced a significant increase in trading volume, with 57,445 shares traded, marking a 93% rise from the previous session.
• Barclays upgraded Givaudan's rating from "strong sell" to "hold", contributing to an average rating of "Moderate Buy" among analysts.
• The stock is currently trading at $83.70, with its 50-day moving average at $92.82 and its 200-day average at $92.26.

Shares of Givaudan SA (OTCMKTS:GVDNY - Get Free Report) saw strong trading volume on Tuesday . 57,445 shares changed hands during mid-day trading, an increase of 93% from the previous session's volume of 29,818 shares.The stock last traded at $83.70 and had previously closed at $82.91.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Givaudan from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Givaudan currently has an average rating of "Moderate Buy".

Givaudan Trading Up 1.5%

The company has a current ratio of 1.49, a quick ratio of 0.98 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $91.46 and a 200-day simple moving average of $92.17.

About Givaudan

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.