Bunzl (OTCMKTS:BZLFY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Bunzl PLC (OTCMKTS:BZLFY) saw an uptick in trading volume on Tuesday . 332,236 shares changed hands during trading, an increase of 280% from the previous session’s volume of 87,477 shares.The stock last traded at $14.3950 and had previously closed at $14.40.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Bunzl to a “hold” rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Bunzl Trading Down 0.6%

The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $15.38 and a 200-day moving average price of $15.76.

About Bunzl

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.