Givaudan (OTCMKTS:GVDNY) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Givaudan SA's stock has fallen below its 50-day moving average of $87.17, trading at $85.39 as of Tuesday.
• Recent analyst updates include upgrades from Jefferies and Barclays, with a consensus rating of "Moderate Buy" reflecting a cautious optimism.
• The company's current debt-to-equity ratio is 0.86, indicating a manageable level of debt relative to equity.

Shares of Givaudan SA (OTCMKTS:GVDNY - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $87.17 and traded as low as $84.45. Givaudan shares last traded at $85.39, with a volume of 249,097 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GVDNY. Barclays upgraded Givaudan from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 8th. Jefferies Financial Group upgraded Givaudan from a "moderate sell" rating to a "hold" rating in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Givaudan Price Performance

The stock has a 50 day simple moving average of $86.42 and a 200-day simple moving average of $91.81. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.98 and a current ratio of 1.49.

About Givaudan

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.