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Givaudan (OTCMKTS:GVDNY) Shares Cross Below 50 Day Moving Average - Here's Why

Givaudan logo with Basic Materials background

Key Points

  • Givaudan SA shares have dipped below their 50-day moving average of $93.99, trading as low as $82.70 during midweek transactions.
  • Barclays has upgraded Givaudan from a "strong sell" to a "hold" rating, indicating a shift in analyst sentiment towards the stock.
  • The company has a debt-to-equity ratio of 0.86 and a current ratio of 1.49, suggesting a manageable level of debt and liquidity.
  • Looking to export and analyze Givaudan data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $93.99 and traded as low as $82.70. Givaudan shares last traded at $82.96, with a volume of 13,900 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Givaudan from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 8th.

Get Our Latest Analysis on GVDNY

Givaudan Stock Performance

The stock has a 50 day moving average price of $93.99 and a two-hundred day moving average price of $92.33. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 0.98.

Givaudan Company Profile

(Get Free Report)

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.

See Also

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