Givaudan (OTCMKTS:GVDNY) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Givaudan SA (OTCMKTS:GVDNY) 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 traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GVDNY shares. Jefferies Financial Group raised shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Barclays upgraded shares of Givaudan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Givaudan Stock Up 0.2%

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 has a fifty day simple moving average of $82.94 and a 200-day simple moving average of $86.84.

Givaudan Company Profile

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.