Bunzl (OTCMKTS:BZLFY) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Bunzl PLC stock has dropped below its fifty-day moving average, trading at $15.05, down from a moving average of $15.51.
• The company recently raised its dividend to $0.3289 per share, reflecting a significant 263.0% yield.
• Analysts largely maintain a consensus rating of "Moderate Buy", with four analysts rating it as hold and three as strong buy.

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.51 and traded as low as $15.02. Bunzl shares last traded at $15.05, with a volume of 31,235 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Kepler Capital Markets upgraded Bunzl to a "hold" rating in a research report on Thursday, June 19th. Peel Hunt cut Bunzl from a "moderate buy" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada cut Bunzl from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 17th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Bunzl currently has an average rating of "Moderate Buy".

Bunzl Trading Down 0.5%

The business has a 50 day moving average price of $15.50 and a 200 day moving average price of $17.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 1.18.

Bunzl Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, May 26th were issued a $0.3289 dividend. The ex-dividend date was Friday, May 23rd. This is a positive change from Bunzl's previous dividend of $0.25. This represents a dividend yield of 263.0%.

About Bunzl

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.