Associated British Foods (OTCMKTS:ASBFY) Shares Gap Down - What's Next?

Key Points

• Associated British Foods shares gapped down from a previous close of $28.96 to open at $28.07, and last traded at $28.64.
• The stock is currently down 0.3%, with a fifty-day moving average of $29.25 and a two-hundred-day moving average of $28.46.
• Associated British Foods operates through five segments, including Grocery, Ingredients, Agriculture, Sugar, and Retail, providing a diverse range of food products to various markets.

Associated British Foods PLC (OTCMKTS:ASBFY - ) shares gapped down before the market opened on Thursday . The stock had previously closed at $28.96, but opened at $28.07. Associated British Foods shares last traded at $28.64, with a volume of 522 shares trading hands.

Associated British Foods Stock Down 0.3%

The stock's fifty day moving average is $29.25 and its two-hundred day moving average is $28.46. 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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