Brown Forman (NYSE:BF.A) Shares Gap Up – Here’s What Happened

Brown Forman Corporation (NYSE:BF.A)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $27.79, but opened at $29.32. Brown Forman shares last traded at $29.2170, with a volume of 5,890 shares changing hands.

Brown Forman Trading Up 1.8%

The firm’s 50-day simple moving average is $27.49 and its 200-day simple moving average is $27.43. The company has a quick ratio of 1.14, a current ratio of 3.26 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $13.48 billion, a P/E ratio of 18.95 and a beta of 0.31.

Brown Forman (NYSE:BF.A) last issued its earnings results on Wednesday, September 2nd. The company reported $0.38 earnings per share for the quarter. The company had revenue of $911.00 million during the quarter. Brown Forman had a return on equity of 17.80% and a net margin of 18.42%.

About Brown Forman

Brown-Forman Corporation is a global beverage alcohol company that produces, markets and distributes a portfolio of spirits and wine brands. Its portfolio includes Jack Daniel’s Tennessee Whiskey, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador and New Mix, among other products.

The company’s activities span whiskey, tequila, vodka, ready-to-drink beverages and selected wine offerings. Brown-Forman sells its products through distributors, retailers, bars, restaurants and other hospitality channels, serving consumers in the United States and international markets across more than 170 countries.

Brown-Forman traces its history to 1870, when George Garvin Brown founded the company in Louisville, Kentucky.