Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,758 shares, a decline of 39.5% from the September 15th total of 2,907 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 212,584 shares, the short-interest ratio is currently 0.0 days.
Associated British Foods Stock Performance
OTCMKTS:ASBFY opened at $25.88 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26. Associated British Foods has a 52 week low of $23.36 and a 52 week high of $31.11. The firm has a 50-day moving average price of $26.20 and a two-hundred day moving average price of $25.93.
Analyst Ratings Changes
ASBFY has been the subject of several recent research reports. Zacks Research downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Thursday, October 1st. Kepler Capital Markets cut Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Sell”.
Associated British Foods Company Profile
Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. Its food businesses produce and market grocery products, including bread, cereals, sugar, tea, coffee, condiments, cooking ingredients and specialty foods. The company’s portfolio includes brands such as Twinings, Ovaltine, Jordans, Ryvita, Silver Spoon, Kingsmill and Patak’s, alongside a range of private-label products.
Through ABF Ingredients, the company supplies yeast, enzymes, bakery ingredients, specialty ingredients and other food-processing products to commercial customers.
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