Citigroup Downgrades Associated British Foods (OTCMKTS:ASBFY) to Sell

Associated British Foods (OTCMKTS:ASBFY) was downgraded by equities researchers at Citigroup from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Associated British Foods Trading Up 1.6 %

Shares of Associated British Foods stock opened at $24.58 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98. Associated British Foods has a 52 week low of $23.60 and a 52 week high of $35.26. The stock has a 50 day moving average price of $26.87 and a two-hundred day moving average price of $29.63.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.