Bunzl (OTCMKTS:BZLFY) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• Bunzl PLC shares crossed above their fifty-day moving average of $15.50, reaching a high of $15.84 during trading.
• Analyst ratings show a mix of sentiments, with three analysts giving a Strong Buy, one a Buy, and four a Hold rating, reflecting an average rating of "Moderate Buy."
• The company has a debt-to-equity ratio of 0.49 and operates in the distribution of food packaging, hygiene supplies, and personal protection equipment.

Shares of Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.50 and traded as high as $15.84. Bunzl shares last traded at $15.82, with a volume of 112,467 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BZLFY shares. Kepler Capital Markets raised shares of Bunzl to a "hold" rating in a research report on Thursday, June 19th. Royal Bank Of Canada cut shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 1.18. The stock's 50 day simple moving average is $15.53 and its 200-day simple moving average is $17.15.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.