Associated British Foods (OTCMKTS:ASBFY) Sees Large Volume Increase - Time to Buy?

Key Points

• Associated British Foods experienced a significant trading volume increase of 932%, with approximately 575,662 shares trading on Thursday compared to just 55,784 shares in the previous session.
• The current stock price of Associated British Foods is $27.09, slightly up from its previous close of $27.02.
• The company operates as a diversified food, ingredients, and retail firm through five main segments, including Grocery and Retail.

Associated British Foods PLC (OTCMKTS:ASBFY - ) saw unusually-strong trading volume on Thursday . Approximately 575,662 shares traded hands during mid-day trading, an increase of 932% from the previous session's volume of 55,784 shares.The stock last traded at $27.09 and had previously closed at $27.02.

Associated British Foods Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 0.75. The stock's fifty day simple moving average is $29.68 and its 200-day simple moving average is $28.22.

Associated British Foods Company Profile

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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