Associated British Foods (OTCMKTS:ASBFY) Shares Cross Below 50 Day Moving Average – Here’s Why

Associated British Foods plc (OTCMKTS:ASBFYGet Free Report)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $30.80 and traded as low as $29.84. Associated British Foods shares last traded at $29.84, with a volume of 3,990 shares.

Associated British Foods Trading Down 0.8 %

The stock has a fifty day moving average of $30.80 and a 200 day moving average of $31.81. The company has a quick ratio of 0.91, a current ratio of 1.79 and a debt-to-equity ratio of 0.29.

About Associated British Foods

(Get Free Report)

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.

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