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

Associated British Foods plc (OTCMKTS:ASBFYGet Free Report)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $30.96 and traded as low as $30.80. Associated British Foods shares last traded at $30.95, with a volume of 13,801 shares trading hands.

Associated British Foods Trading Down 0.1 %

The stock has a 50 day moving average price of $30.95 and a 200-day moving average price of $31.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.79.

Associated British Foods Company Profile

(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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