Associated British Foods (LON:ABF) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Associated British Foods plc (LON:ABF) crossed above its 200-day moving average during trading, reaching a peak of GBX 2,199 ($29.19) before last trading at GBX 2,178 ($28.91).
• The company has a market cap of £15.70 billion and reported a quarterly earnings per share (EPS) of GBX 71 ($0.94) with a net margin of 7.25%.
• Insider Eoin Tonge sold 16,741 shares at an average price of GBX 2,070 ($27.48), representing a total transaction of £346,538.70 ($459,966.42).

Shares of Associated British Foods plc (LON:ABF - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,017.10 ($26.81) and traded as high as GBX 2,199 ($29.23). Associated British Foods shares last traded at GBX 2,178 ($28.95), with a volume of 731,993 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Associated British Foods in a research note on Tuesday, May 6th.

Associated British Foods Price Performance

The stock has a market capitalization of £15.95 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88. The stock's 50 day moving average price is GBX 2,102.90 and its 200-day moving average price is GBX 2,018.97.

Insider Activity

In other news, insider Eoin Tonge sold 16,741 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of GBX 2,070 ($27.51), for a total transaction of £346,538.70 ($460,577.75). Corporate insiders own 58.08% of the company's stock.

About Associated British Foods

Associated British Foods is a diversified international food, ingredients and retail group with sales of £13.9bn, 128,000 employees and operations in 53 countries across Europe, Africa, the Americas, Asia and Australia. Our purpose is to provide safe, nutritious, affordable food, and clothing that is great value for money.