Givaudan (OTCMKTS:GVDNY) Shares Cross Below 50-Day Moving Average – Here’s Why

Shares of Givaudan SA (OTCMKTS:GVDNYGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $88.40 and traded as low as $84.25. Givaudan shares last traded at $84.97, with a volume of 35,164 shares.

Wall Street Analyst Weigh In

GVDNY has been the subject of several research analyst reports. Barclays cut Givaudan from a “hold” rating to a “strong sell” rating in a research note on Friday, November 15th. Citigroup downgraded shares of Givaudan from a “buy” rating to a “neutral” rating in a research note on Thursday, October 17th.

Read Our Latest Report on Givaudan

Givaudan Stock Performance

The company has a 50 day simple moving average of $88.40 and a 200-day simple moving average of $95.96. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99.

About Givaudan

(Get Free Report)

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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