Givaudan (OTCMKTS:GVDNY) Sets New 52-Week Low - Here's Why

Key Points

• Givaudan hit a new 52-week low, trading as low as $69.93 and last at $71.11 on Wednesday with about 7,894 shares changing hands.
• Analyst views are mixed but show a consensus of "Moderate Buy" (1 Strong Buy, 2 Buy, 1 Hold, 1 Sell), while Goldman Sachs notably downgraded the stock from "strong-buy" to "sell."
• The stock is trading below its short- and long-term averages (50-day $77.91, 200-day $81.20) and the company shows modest liquidity and leverage with a current ratio of 1.74, quick ratio of 1.13 and debt/equity of 0.92.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $69.93 and last traded at $71.11, with a volume of 7894 shares changing hands. The stock had previously closed at $71.3130.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GVDNY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Givaudan in a research report on Friday, January 30th. Citigroup reiterated a "neutral" rating on shares of Givaudan in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group cut shares of Givaudan from a "strong-buy" rating to a "sell" rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Givaudan Price Performance

The business has a fifty day moving average price of $77.91 and a 200-day moving average price of $81.20. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92.

Givaudan Company Profile

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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