Glanbia (OTCMKTS:GLAPY) Sets New 52-Week High – Still a Buy?

Glanbia Plc ADR (OTCMKTS:GLAPY) shares reached a new 52-week high on Tuesday . The stock traded as high as $138.00 and last traded at $138.00, with a volume of 102 shares traded. The stock had previously closed at $133.00.

Analysts Set New Price Targets

Separately, Kepler Capital Markets cut 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, Based on data from MarketBeat, Glanbia has an average rating of “Hold”.

Glanbia Price Performance

The firm has a 50-day moving average of $117.83 and a 200 day moving average of $102.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.36 and a quick ratio of 0.81.

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.