Associated British Foods (OTCMKTS:ASBFY) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Associated British Foods plc (OTCMKTS:ASBFY)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $24.56 and traded as low as $24.18. Associated British Foods shares last traded at $24.35, with a volume of 12,742 shares.

Analyst Ratings Changes

Separately, Citigroup lowered Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.

Associated British Foods Stock Up 1.1 %

The firm has a fifty day moving average price of $24.56 and a 200 day moving average price of $28.13. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.