Associated British Foods (OTCMKTS:ASBFY) Reaches New 12-Month Low – Here’s What Happened

Shares of Associated British Foods plc (OTCMKTS:ASBFY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.69 and last traded at $22.88, with a volume of 21857 shares trading hands. The stock had previously closed at $23.45.

Wall Street Analysts Forecast Growth

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

Associated British Foods Stock Up 0.5 %

The company has a 50 day simple moving average of $25.75 and a two-hundred day simple moving average of $28.85. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.

About Associated British Foods

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.