Associated British Foods (OTCMKTS:ASBFY - Get Free Report) was downgraded by investment analysts at Citigroup from a "neutral" rating to a "sell" rating in a report released on Thursday, MarketBeat.com reports.
Associated British Foods Trading Down 0.3 %
ASBFY traded down $0.08 during trading on Thursday, hitting $24.20. 35,059 shares of the stock traded hands, compared to its average volume of 29,196. The business has a 50 day moving average price of $26.98 and a 200 day moving average price of $29.67. 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 has a twelve month low of $23.60 and a twelve month high of $35.26.
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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