Free Trial

Brambles (OTCMKTS:BXBLY) Shares Gap Up - Time to Buy?

Brambles logo with Industrials background

Key Points

  • Brambles Ltd. shares saw a significant price increase, opening at $35.16 after closing at $33.95 prior to trading on Wednesday.
  • The company operates as a supply-chain logistics provider, focusing on the pooling of unit-load equipment like pallets and crates across multiple global regions.
  • Brambles has a debt-to-equity ratio of 0.40, indicating a relatively low level of debt compared to equity, which may suggest financial stability.
  • MarketBeat previews top five stocks to own in October.

Brambles Ltd. (OTCMKTS:BXBLY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $33.95, but opened at $35.16. Brambles shares last traded at $34.06, with a volume of 928 shares.

Brambles Trading Up 0.8%

The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.40. The business's fifty day moving average is $31.37 and its 200 day moving average is $28.75.

Brambles Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 12th will be issued a $0.1031 dividend. This represents a dividend yield of 218.0%. The ex-dividend date of this dividend is Thursday, September 11th.

Brambles Company Profile

(Get Free Report)

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.

Further Reading

Should You Invest $1,000 in Brambles Right Now?

Before you consider Brambles, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brambles wasn't on the list.

While Brambles currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.