Bunzl (OTCMKTS:BZLFY) Shares Gap Down – Here’s What Happened

Bunzl PLC (OTCMKTS:BZLFY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.89, but opened at $14.4540. Bunzl shares last traded at $14.48, with a volume of 11,349 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Bunzl to a “hold” rating in a research note on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Bunzl Trading Down 2.0%

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.36 and a quick ratio of 0.77. The company’s 50-day moving average is $14.95 and its two-hundred day moving average is $15.60.

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.