Brown Forman (NYSE:BF.A) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Brown Forman Corporation (NYSE:BF.A)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.25 and traded as low as $25.41. Brown Forman shares last traded at $25.4860, with a volume of 117,441 shares trading hands.

Brown Forman Price Performance

The stock has a fifty day moving average of $26.86 and a two-hundred day moving average of $27.25. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 16.66 and a beta of 0.33. The company has a quick ratio of 1.18, a current ratio of 3.24 and a debt-to-equity ratio of 0.52.

Brown Forman (NYSE:BF.A) last released its earnings results on Thursday, June 4th. The company reported $0.12 EPS for the quarter. The company had revenue of $912.00 million during the quarter. Brown Forman had a return on equity of 17.63% and a net margin of 18.20%.

Brown Forman Company Profile

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, Coopers' Craft, el Jimador, Herradura, New Mix, Pepe Lopez, Antiguo, Finlandia, Korbel Champagne, and Sonoma-Cutrer brands.