Brown Forman (NYSE:BF.A) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Brown Forman Corporation (NYSE:BF.A) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $27.26 and traded as low as $26.25. Brown Forman shares last traded at $26.7750, with a volume of 121,306 shares.

Brown Forman Stock Down 1.5%

The business’s 50 day simple moving average is $27.68 and its 200-day simple moving average is $27.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.14 and a current ratio of 3.26. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 17.09 and a beta of 0.31.

Brown Forman (NYSE:BF.A) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $911.00 million during the quarter. Brown Forman had a return on equity of 17.80% and a net margin of 18.42%.

About Brown Forman

Brown-Forman Corporation is a global beverage alcohol company that produces, markets and distributes a portfolio of spirits and wine brands. Its portfolio includes Jack Daniel’s Tennessee Whiskey, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador and New Mix, among other products.

The company’s activities span whiskey, tequila, vodka, ready-to-drink beverages and selected wine offerings. Brown-Forman sells its products through distributors, retailers, bars, restaurants and other hospitality channels, serving consumers in the United States and international markets across more than 170 countries.

Brown-Forman traces its history to 1870, when George Garvin Brown founded the company in Louisville, Kentucky.