Associated British Foods (OTCMKTS:ASBFY) Reaches New 52-Week Low – What’s Next?

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 changing hands. The stock had previously closed at $23.45.

Wall Street Analysts Forecast Growth

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

Associated British Foods Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. The company’s 50 day moving average is $25.75 and its 200-day moving average is $28.85.

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.