Associated British Foods (OTCMKTS:ASBFY) Stock Price Down 8.1% – Here’s What Happened

Associated British Foods PLC (OTCMKTS:ASBFY) traded down 8.1% on Friday . The company traded as low as $25.3360 and last traded at $25.3360. Approximately 844 shares were traded during trading, a decline of 99% from the average daily volume of 115,812 shares. The stock had previously closed at $27.56.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Associated British Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Associated British Foods Stock Down 0.2%

The business’s 50-day moving average is $27.47 and its two-hundred day moving average is $26.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51.

Associated British Foods Company Profile

Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. The company operates through five principal businesses: Grocery, Ingredients, Agriculture, Sugar and Retail. Its food products include tea, coffee, cereal, bread, baking ingredients, condiments and other grocery items sold under brands such as Twinings, Ovaltine, Jordans, Ryvita, Kingsmill and Silver Spoon.

Through its ingredients operations, Associated British Foods supplies yeast, bakery ingredients and other specialty ingredients to food manufacturers and commercial bakeries.