Brown Forman (NYSE:BF.A) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Brown Forman Corporation (NYSE:BF.A)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.50 and traded as high as $29.39. Brown Forman shares last traded at $28.67, with a volume of 69,318 shares.

Brown Forman Stock Performance

The business’s fifty day moving average is $27.73 and its 200-day moving average is $27.48. The company has a quick ratio of 1.18, a current ratio of 3.24 and a debt-to-equity ratio of 0.52. The company has a market cap of $12.75 billion, a PE ratio of 18.16 and a beta of 0.32.

Brown Forman (NYSE:BF.A) last announced its earnings results on Thursday, June 4th. The company reported $0.12 EPS for the quarter. The business had revenue of $912.00 million during the quarter. Brown Forman had a net margin of 18.20% and a return on equity of 17.63%.

About Brown Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, Coopers' Craft, el Jimador, Herradura, New Mix, Pepe Lopez, Antiguo, Finlandia, Korbel Champagne, and Sonoma-Cutrer brands.