Bunzl (OTCMKTS:BZLFY) Sees Strong Trading Volume – Should You Buy?

Bunzl PLC (OTCMKTS:BZLFY) saw an uptick in trading volume on Tuesday . 332,236 shares traded 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 Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Bunzl to a “hold” rating in a research report on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Bunzl currently has an average rating of “Moderate Buy”.

Bunzl Trading Up 0.2%

The company’s 50-day moving average is $15.27 and its two-hundred day moving average is $15.72. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.36 and a quick ratio of 0.77.

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.