Associated British Foods (OTCMKTS:ASBFY) Share Price Crosses Below 50-Day Moving Average - Here's Why

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $30.96 and traded as low as $30.80. Associated British Foods shares last traded at $30.95, with a volume of 13,801 shares changing hands.

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Associated British Foods Stock Performance

The business's fifty day moving average price is $30.96 and its 200 day moving average price is $31.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.79 and a quick ratio of 0.91.

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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