Danone (OTCMKTS:DANOY) Shares Break Above Fifty Day Moving Average - Time to Sell?

Key Points

• Danone shares rose 2.8%, briefly reaching $14.20 and closing at $14.12, above the 50-day moving average of $14.05.
• Analyst views are mixed: Deutsche Bank upgraded the stock to “hold,” Jefferies downgraded it to “underperform,” and Morgan Stanley maintained an “overweight” rating. The overall consensus remains “Moderate Buy.”
• Despite the short-term rebound, Danone’s shares remain below the 200-day moving average of $15.47, suggesting longer-term price momentum is still weaker.

Shares of Danone (OTCMKTS:DANOY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $14.05 and traded as high as $14.20. Danone shares last traded at $14.12, with a volume of 314,643 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DANOY shares. Deutsche Bank Aktiengesellschaft raised Danone from a "sell" rating to a "hold" rating in a research note on Tuesday, September 22nd. Jefferies Financial Group downgraded shares of Danone from a "buy" rating to an "underperform" rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley restated an "overweight" rating on shares of Danone in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Danone Stock Up 2.8%

The firm has a 50 day moving average price of $14.05 and a 200-day moving average price of $15.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 0.97.

Danone Company Profile

Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.

The company's brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.

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