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

Bunzl plc (OTCMKTS:BZLFY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.98 and traded as low as $20.91. Bunzl shares last traded at $20.96, with a volume of 38,538 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BZLFY. Citigroup upgraded 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 research note on Wednesday, December 4th. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. Finally, Hsbc Global Res lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Bunzl Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15. The stock has a 50 day moving average price of $20.98 and a two-hundred day moving average price of $35.54.

Bunzl Company Profile

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.