Shares of 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 $24.56 and traded as low as $24.18. Associated British Foods shares last traded at $24.35, with a volume of 12,742 shares changing hands.
Analysts Set New Price Targets
Separately, Citigroup cut Associated British Foods from a "neutral" rating to a "sell" rating in a research note on Thursday, January 16th.
Check Out Our Latest Stock Analysis on ASBFY
Associated British Foods Stock Performance
The company's 50 day moving average price is $24.46 and its 200-day moving average price is $28.00. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.
Associated British Foods Company Profile
(
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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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