Bunzl (OTCMKTS:BZLFY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Bunzl plc (OTCMKTS:BZLFY)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $29.08 and traded as low as $21.13. Bunzl shares last traded at $21.18, with a volume of 31,642 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on BZLFY shares. Citigroup raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Hsbc Global Res cut Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a report on Monday, December 16th.

Bunzl Stock Down 0.6 %

The business’s 50 day moving average price is $28.19 and its two-hundred day moving average price is $38.89. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.