Glanbia (OTCMKTS:GLAPY) Reaches New 52-Week High – Here’s Why

Glanbia Plc ADR (OTCMKTS:GLAPYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $138.00 and last traded at $138.00, with a volume of 102 shares changing hands. The stock had previously closed at $133.00.

Wall Street Analyst Weigh In

GLAPY has been the subject of several recent research reports. Zacks Research upgraded Glanbia to a “hold” rating in a report on Tuesday, March 3rd. Kepler Capital Markets cut Glanbia from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

View Our Latest Stock Report on Glanbia

Glanbia Stock Up 3.8%

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.36 and a quick ratio of 0.81. The stock’s 50-day simple moving average is $116.39 and its 200-day simple moving average is $101.92.

Glanbia Company Profile

(Get Free Report)

Glanbia plc is a global nutrition company headquartered in Kilkenny, Ireland. The company operates through two principal divisions: Performance Nutrition and Glanbia Nutritionals. Performance Nutrition develops and markets sports and lifestyle nutrition products, including powders, bars and ready-to-drink beverages for athletes and fitness enthusiasts. Glanbia Nutritionals supplies dairy-based ingredients, specialty cheeses, whey proteins, nutrient premixes and functional food solutions to food, beverage and supplement manufacturers worldwide.

Glanbia was formed in 1997 through the merger of Avonmore Food plc and Waterford Foods plc.

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