Bunzl (OTCMKTS:BZLFY) Sees Unusually-High Trading Volume – Here’s Why

Bunzl PLC (OTCMKTS:BZLFY) saw unusually-high trading volume on Wednesday . Approximately 104,591 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 102,566 shares.The stock last traded at $14.59 and had previously closed at $14.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BZLFY shares. Jefferies Financial Group upgraded Bunzl to a “moderate sell” rating in a report on Wednesday, December 17th. BNP Paribas Exane lowered Bunzl to a “neutral” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bunzl Trading Up 1.6%

The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average price of $14.17 and a two-hundred day moving average price of $15.12.

About Bunzl

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.