Associated British Foods (OTCMKTS:ASBFY) Stock Moved Down to “Strong Sell” by Zacks Research

Associated British Foods (OTCMKTS:ASBFY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

Separately, Kepler Capital Markets lowered Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell”.

Associated British Foods Price Performance

OTCMKTS:ASBFY opened at $24.36 on Thursday. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.11. The company has a 50-day moving average of $26.86 and a 200 day moving average of $25.90. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26.

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.