Bunzl (OTCMKTS:BZLFY) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Bunzl PLC (OTCMKTS:BZLFY)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.55 and traded as low as $17.80. Bunzl shares last traded at $17.82, with a volume of 17,445 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BZLFY. Deutsche Bank Aktiengesellschaft cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. Citigroup restated a “buy” rating on shares of Bunzl in a research report on Thursday, June 25th. BNP Paribas Exane downgraded Bunzl from an “outperform” rating to a “neutral” rating in a report on Friday, September 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Finally, Sanford C. Bernstein cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Bunzl Price Performance

The stock’s fifty day simple moving average is $18.55 and its 200-day simple moving average is $16.80. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62.

Bunzl Company Profile

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.