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

Key Points

• Givaudan's stock price fell below its 50-day moving average of $85.69, trading as low as $80.88 before closing at $81.03.
• Barclays and Jefferies Financial Group recently upgraded Givaudan's ratings from "strong sell" to "hold" and "moderate sell" to "hold," respectively.
• The company has a current ratio of 1.38 and a debt-to-equity ratio of 0.91, indicating its financial health and stability in the market.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $85.69 and traded as low as $80.88. Givaudan shares last traded at $81.03, with a volume of 25,341 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GVDNY shares. Barclays upgraded shares of Givaudan from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 8th. Jefferies Financial Group upgraded shares of Givaudan from a "moderate sell" rating to a "hold" rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Givaudan presently has an average rating of "Moderate Buy".

Givaudan Stock Down 1.5%

The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 0.91. The business's fifty day moving average price is $85.69 and its 200 day moving average price is $91.63.

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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