Bunzl (OTCMKTS:BZLFY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Bunzl plc (OTCMKTS:BZLFY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $29.08 and traded as low as $21.13. Bunzl shares last traded at $21.18, with a volume of 31,642 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BZLFY shares. Royal Bank of Canada raised shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Hsbc Global Res downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th.

Bunzl Stock Performance

The stock’s fifty day simple moving average is $28.19 and its two-hundred day simple moving average is $38.89. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.