Givaudan (OTCMKTS:GVDNY) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Givaudan SA (OTCMKTS:GVDNY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $90.56 and traded as high as $97.55. Givaudan shares last traded at $96.96, with a volume of 12,345 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded Givaudan from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th.

Givaudan Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 1.43. The business has a 50 day simple moving average of $90.78 and a 200 day simple moving average of $89.18.

Givaudan Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 25th were paid a dividend of $1.5503 per share. This is a boost from Givaudan's previous dividend of $0.97. The ex-dividend date of this dividend was Tuesday, March 25th.

Givaudan Company Profile

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.