Associated British Foods (OTCMKTS:ASBFY) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $28.55, but opened at $26.86. Associated British Foods shares last traded at $27.90, with a volume of 3,103 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on ASBFY shares. Zacks Research lowered Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Kepler Capital Markets raised shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Stock Report on ASBFY

Associated British Foods Stock Down 2.4%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54. The business has a 50 day moving average price of $29.12 and a two-hundred day moving average price of $29.06.

Associated British Foods Company Profile

(Get Free Report)

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.

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