Givaudan (OTCMKTS:GVDNY) Stock Passes Below 50 Day Moving Average – What’s Next?

Givaudan SA (OTCMKTS:GVDNY) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $82.94 and traded as low as $79.07. Givaudan shares last traded at $79.47, with a volume of 9,871 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GVDNY. Deutsche Bank Aktiengesellschaft raised shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Jefferies Financial Group upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research note on Tuesday, November 11th. Finally, Barclays raised shares of Givaudan from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Givaudan Price Performance

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.38 and a quick ratio of 0.85. The business’s 50-day moving average price is $82.94 and its two-hundred day moving average price is $86.84.

About Givaudan

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.