Glanbia (OTCMKTS:GLAPY) Shares Gap Up – Still a Buy?

Glanbia Plc ADR (OTCMKTS:GLAPY) gapped up prior to trading on Monday . The stock had previously closed at $102.21, but opened at $123.65. Glanbia shares last traded at $128.70, with a volume of 1,513 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Glanbia to a “hold” rating in a research note on Tuesday, March 3rd. Kepler Capital Markets lowered shares of Glanbia from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Glanbia Trading Up 8.9%

The company has a current ratio of 1.36, a quick ratio of 0.81 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $103.18 and its 200 day simple moving average is $95.39.

About Glanbia

Glanbia plc is a global nutrition company headquartered in Kilkenny, Ireland. The company operates through two principal divisions: Performance Nutrition and Glanbia Nutritionals. Performance Nutrition develops and markets sports and lifestyle nutrition products, including powders, bars and ready-to-drink beverages for athletes and fitness enthusiasts. Glanbia Nutritionals supplies dairy-based ingredients, specialty cheeses, whey proteins, nutrient premixes and functional food solutions to food, beverage and supplement manufacturers worldwide.

Glanbia was formed in 1997 through the merger of Avonmore Food plc and Waterford Foods plc.