Givaudan (OTCMKTS:GVDNY) Shares Gap Up - Still a Buy?

Key Points

• Givaudan's share price experienced a significant increase, opening at $89.51 after closing at $86.17, indicating potential investor interest following positive analyst ratings.
• Recent upgrades from analysts at Jefferies Financial Group and Barclays have raised Givaudan's ratings from "moderate sell" and "strong sell" to "hold", with a current consensus of a "Moderate Buy".
• The company operates primarily in the fragrance and beauty sectors, with health metrics showing a quick ratio of 0.85 and a debt-to-equity ratio of 0.91, suggesting solid financial health.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $86.17, but opened at $89.51. Givaudan shares last traded at $89.49, with a volume of 30,503 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GVDNY. Jefferies Financial Group raised Givaudan from a "moderate sell" rating to a "hold" rating in a report on Friday, September 12th. Barclays raised Givaudan from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Givaudan Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 0.91. The stock has a 50 day simple moving average of $83.93 and a 200 day simple moving average of $90.94.

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.

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