Associated British Foods (OTCMKTS:ASBFY) Trading Up 1.8% - What's Next?

Key Points

• Shares of Associated British Foods PLC rose by 1.8% during trading, reaching a high of $30.21 before closing at $29.91.
• The stock saw a significant increase in trading volume, with approximately 232,186 shares traded, which is a 149% increase from the average daily volume.
• Associated British Foods operates in five segments, including Grocery, Ingredients, Agriculture, Sugar, and Retail, providing a diverse range of products from hot beverages to meat products.

Shares of Associated British Foods PLC (OTCMKTS:ASBFY - ) were up 1.8% during trading on Thursday . The company traded as high as $30.21 and last traded at $29.91. Approximately 232,186 shares were traded during mid-day trading, an increase of 149% from the average daily volume of 93,193 shares. The stock had previously closed at $29.38.

Associated British Foods Stock Up 1.8%

The company has a quick ratio of 0.75, a current ratio of 1.61 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $29.18 and a 200 day simple moving average of $28.62.

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.