Associated British Foods (LON:ABF) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Associated British Foods plc (LON:ABF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,008.64 ($27.20) and traded as high as GBX 2,108 ($28.54). Associated British Foods shares last traded at GBX 2,077 ($28.12), with a volume of 2,179,863 shares changing hands.

Analyst Upgrades and Downgrades

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

Associated British Foods Stock Up 0.1%

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 firm has a market capitalization of £14.68 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.24. The business's 50-day moving average price is GBX 2,089.91 and its 200-day moving average price is GBX 2,003.17.

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