Brambles (OTCMKTS:BMBLF) Shares Down 1.4% – Here’s Why

Shares of Brambles Limited (OTCMKTS:BMBLFGet Free Report) were down 1.4% during mid-day trading on Thursday . The company traded as low as $16.12 and last traded at $16.12. Approximately 315 shares traded hands during trading, a decline of 81% from the average daily volume of 1,636 shares. The stock had previously closed at $16.3560.

Brambles Stock Performance

The business has a 50 day simple moving average of $15.63 and a 200-day simple moving average of $15.93.

About Brambles

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Brambles Limited, trading as OTCMKTS:BMBLF in the U.S. over-the-counter market, is a global provider of supply-chain logistics solutions. The company specializes in the pooling and management of reusable pallets, crates and containers under its principal brands, CHEP and IFCO. These assets are used by customers in consumer goods, fresh produce, automotive, industrial and retail sectors to streamline logistics, improve traceability and reduce waste across local and global distribution networks.

Established in the 19th century as part of the Colonial Sugar Refining Company, Brambles has evolved through demergers and strategic acquisitions to become a standalone entity listed on the Australian Securities Exchange.

Further Reading

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