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

Key Points

• Givaudan's share price fell below its fifty-day moving average of $91.78, trading as low as $84.22 during the latest session.
• Barclays upgraded Givaudan from a "strong sell" to a "hold" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• The company maintains a debt-to-equity ratio of 0.86 and operates in the fragrance, beauty, taste, and wellbeing sectors.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $91.78 and traded as low as $84.22. Givaudan shares last traded at $84.22, with a volume of 28,272 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Givaudan from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Givaudan presently has a consensus rating of "Moderate Buy".

Givaudan Stock Down 0.9%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.98 and a current ratio of 1.49. The business's 50 day simple moving average is $90.52 and its 200-day simple moving average is $92.10.

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.