Bunzl (OTCMKTS:BZLFY) Shares Cross Above Fifty Day Moving Average – Here’s Why

Bunzl PLC (OTCMKTS:BZLFY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.61 and traded as high as $16.62. Bunzl shares last traded at $16.39, with a volume of 16,204 shares.

Analyst Ratings Changes

Separately, Barclays cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, Bunzl has an average rating of “Hold”.

Bunzl Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $14.76.

Bunzl Company Profile

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.