Brambles (OTCMKTS:BXBLY) Hits New 52-Week High – Time to Buy?

Shares of Brambles Ltd. (OTCMKTS:BXBLY) hit a new 52-week high during trading on Monday . The company traded as high as $36.00 and last traded at $36.00, with a volume of 29636 shares traded. The stock had previously closed at $35.59.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Brambles to a “hold” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Brambles Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.67 and a quick ratio of 0.64. The firm has a 50-day moving average of $31.99 and a 200 day moving average of $32.02.

About Brambles

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.