Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.98 and traded as high as $28.17. Associated British Foods shares last traded at $27.61, with a volume of 6,542 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Citigroup cut Associated British Foods from a "neutral" rating to a "sell" rating in a report on Thursday, January 16th.
Read Our Latest Analysis on ASBFY
Associated British Foods Price Performance
The company has a 50-day moving average of $26.03 and a 200 day moving average of $26.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78.
Associated British Foods Company Profile
(
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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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