Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,468 shares, a decrease of 82.3% from the October 15th total of 19,554 shares. Based on an average daily volume of 93,354 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Associated British Foods Price Performance
Shares of OTCMKTS ASBFY opened at $27.21 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26. Associated British Foods has a 52 week low of $23.36 and a 52 week high of $29.85. The firm’s fifty day moving average is $25.55 and its 200 day moving average is $25.91.
Analyst Ratings Changes
Several research firms have recently issued reports on ASBFY. Zacks Research raised shares of Associated British Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Kepler Capital Markets downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on ASBFY
Associated British Foods Company Profile
Associated British Foods plc is a diversified international group whose activities span food, ingredients, agriculture, sugar and retail. Its food businesses make and sell products such as tea, cereals, baking ingredients and grocery staples, with brands including Twinings, Ovaltine, Jordans and Ryvita. The group also supplies yeast and other ingredients to food manufacturers and operates agricultural businesses serving farmers and livestock producers. Through Primark, Associated British Foods operates an international clothing and homewares retailer.
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