Associated British Foods (LON:ABF) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Associated British Foods plc (LON:ABF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,014.41 ($27.34) and traded as high as GBX 2,047 ($27.78). Associated British Foods shares last traded at GBX 2,044.42 ($27.74), with a volume of 829,152 shares.

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 Trading Up 1.0%

The firm has a market capitalization of £14.92 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The company's 50-day simple moving average is GBX 2,081.62 and its 200 day simple moving average is GBX 2,009.83. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 32.88.

Associated British Foods (LON:ABF - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported GBX 71 ($0.96) EPS for the quarter. Associated British Foods had a net margin of 7.25% and a return on equity of 13.07%. As a group, sell-side analysts expect that Associated British Foods plc will post 188.0990415 EPS for the current year.

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.