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Givaudan (OTCMKTS:GVDNY) Shares Cross Below 200-Day Moving Average - Here's What Happened

Givaudan logo with Basic Materials background

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $91.63 and traded as low as $89.43. Givaudan shares last traded at $89.47, with a volume of 21,261 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Givaudan from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th.

Get Our Latest Stock Report on GVDNY

Givaudan Stock Performance

The firm's fifty day moving average is $87.92 and its 200 day moving average is $90.90. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99.

Givaudan Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 25th will be paid a $1.5503 dividend. This is a positive change from Givaudan's previous dividend of $0.97. The ex-dividend date is Tuesday, March 25th.

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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