Danone (OTCMKTS:DANOY) Reaches New 1-Year High – Should You Buy?

Shares of Danone S.A. (OTCMKTS:DANOY) hit a new 52-week high during trading on Thursday . The stock traded as high as $16.23 and last traded at $16.09, with a volume of 2119506 shares traded. The stock had previously closed at $15.24.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DANOY. Jefferies Financial Group downgraded shares of Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Royal Bank of Canada lowered shares of Danone from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. The Goldman Sachs Group upgraded Danone to a “hold” rating in a research note on Tuesday, December 17th. Finally, Sanford C. Bernstein raised Danone from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 9th.

Danone Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The stock’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $14.12.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.