Givaudan (OTCMKTS:GVDNY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Givaudan SA experienced a significant increase in trading volume, with 108,741 shares changing hands, marking a 261% increase from the previous day's volume.
• Barclays upgraded Givaudan's rating from "strong sell" to "hold", contributing to an overall average rating of "Moderate Buy" from analysts.
• The company's current trading price is $85.49, slightly up from the previous close of $85.44, amidst fluctuations in its moving averages.

Shares of Givaudan SA (OTCMKTS:GVDNY - Get Free Report) saw an uptick in trading volume on Thursday . 108,741 shares changed hands during mid-day trading, an increase of 261% from the previous session's volume of 30,163 shares.The stock last traded at $85.49 and had previously closed at $85.44.

Analyst Ratings Changes

Separately, Barclays raised shares of Givaudan from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 8th. One equities research 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, the company presently has an average rating of "Moderate Buy".

Givaudan Stock Performance

The company's 50 day moving average is $88.10 and its 200-day moving average is $92.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.98 and a current ratio of 1.49.

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.

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