Associated British Foods (OTCMKTS:ASBFY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Associated British Foods shares experienced a significant increase in trading volume of 261%, reaching 217,611 shares traded on Thursday, up from 60,249 shares in the previous session.
• The stock last traded at $29.95, with a 50-day moving average of $29.18 and a 200-day moving average of $28.59, indicating positive momentum.
• The company operates in five segments including Grocery, Ingredients, Agriculture, Sugar, and Retail, providing a diverse range of food products and other goods globally.

Shares of Associated British Foods PLC (OTCMKTS:ASBFY - ) saw an uptick in trading volume on Thursday . 217,611 shares were traded during trading, an increase of 261% from the previous session's volume of 60,249 shares.The stock last traded at $29.95 and had previously closed at $29.38.

Associated British Foods Stock Performance

The firm's fifty day moving average is $29.18 and its 200 day moving average is $28.59. The company has a current ratio of 1.61, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.