Glanbia (OTCMKTS:GLAPY) Hits New 12-Month High - Still a Buy?

Key Points

• 52-week high: Glanbia's ADR reached a new 52-week high of $102.21 (prior close $99.00) during mid-day trading, though volume was light at just 153 shares.
• Consensus "Hold": Analysts now show a consensus "Hold" rating after recent moves, including Kepler Capital Markets downgrading from "strong-buy" to "hold" and Zacks assigning a "hold."
• Technical and financials show momentum and moderate balance-sheet strength, with a 50‑day MA of $98.47 vs a 200‑day MA of $89.30, debt/equity of 0.38, quick ratio 0.81 and current ratio 1.36.

Glanbia Plc ADR (OTCMKTS:GLAPY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $102.21 and last traded at $102.21, with a volume of 153 shares changing hands. The stock had previously closed at $99.00.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GLAPY shares. Kepler Capital Markets cut Glanbia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 4th. Zacks Research upgraded Glanbia to a "hold" rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Glanbia currently has a consensus rating of "Hold".

Glanbia Price Performance

The company has a 50-day moving average of $98.47 and a 200 day moving average of $89.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.81 and a current ratio of 1.36.

Glanbia Company Profile

Glanbia plc is a global nutrition company headquartered in Kilkenny, Ireland. The company operates through two principal divisions: Performance Nutrition and Glanbia Nutritionals. Performance Nutrition develops and markets sports and lifestyle nutrition products, including powders, bars and ready-to-drink beverages for athletes and fitness enthusiasts. Glanbia Nutritionals supplies dairy-based ingredients, specialty cheeses, whey proteins, nutrient premixes and functional food solutions to food, beverage and supplement manufacturers worldwide.

Glanbia was formed in 1997 through the merger of Avonmore Food plc and Waterford Foods plc.

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