Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $24.08 and traded as low as $23.62. Associated British Foods shares last traded at $24.18, with a volume of 16,710 shares changing hands.
Analyst Ratings Changes
Separately, Citigroup cut shares of Associated British Foods from a "neutral" rating to a "sell" rating in a research report on Thursday, January 16th.
Read Our Latest Stock Analysis on ASBFY
Associated British Foods Stock Performance
The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. The company's 50-day moving average price is $24.05 and its 200-day moving average price is $27.20.
About Associated British Foods
(
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Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
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