Associated British Foods (OTCMKTS:ASBFY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Associated British Foods saw a 62% increase in trading volume, with approximately 92,778 shares traded on Monday compared to 57,288 shares in the previous session.
• The stock last traded at $28.57, with a fifty-day moving average of $29.33 and a 200-day moving average of $28.43.
• Associated British Foods operates as a diversified food and retail company through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail.

Associated British Foods PLC (OTCMKTS:ASBFY - ) saw unusually-strong trading volume on Monday . Approximately 92,778 shares changed hands during mid-day trading, an increase of 62% from the previous session's volume of 57,288 shares.The stock last traded at $28.57 and had previously closed at $28.47.

Associated British Foods Stock Performance

The firm has a fifty day simple moving average of $29.33 and a 200-day simple moving average of $28.43. The company has a current ratio of 1.61, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27.

About Associated British Foods

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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