Givaudan (OTCMKTS:GVDNY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Unusually high trading volume: 316,396 shares traded on Thursday, a 416% increase from the prior session, while the stock last traded near $68.31 (down about 0.1%).
• Analyst consensus — Hold: Two analysts rate Buy, three Hold and two Sell, giving a MarketBeat consensus of "Hold" after recent downgrades from Goldman Sachs (to Sell), Barclays, Zacks and Berenberg, while Deutsche Bank reiterated a Buy.
• Technical and balance-sheet cues point to pressure: Shares are trading below both the 50-day ($75.30) and 200-day ($79.81) moving averages; the company has moderate leverage (debt/equity 0.92) with a current ratio of 1.74 and quick ratio of 1.13.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) saw strong trading volume on Thursday . 316,396 shares were traded during mid-day trading, an increase of 416% from the previous session's volume of 61,275 shares.The stock last traded at $68.31 and had previously closed at $68.23.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Givaudan in a research note on Friday, January 30th. Barclays downgraded shares of Givaudan from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 27th. The Goldman Sachs Group downgraded Givaudan from a "strong-buy" rating to a "sell" rating in a research note on Tuesday, February 10th. Zacks Research cut Givaudan from a "hold" rating to a "strong sell" rating in a research note on Friday, March 27th. Finally, Berenberg Bank lowered Givaudan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Givaudan Stock Down 0.1%

The company's 50-day moving average price is $75.30 and its two-hundred day moving average price is $79.81. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13.

About Givaudan

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company's core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.

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