Glanbia (OTCMKTS:GLAPF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Glanbia plc (OTCMKTS:GLAPF)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.70 and traded as high as $17.00. Glanbia shares last traded at $17.00, with a volume of 205 shares trading hands.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “overweight” rating on shares of Glanbia in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Glanbia presently has a consensus rating of “Buy”.

Glanbia Stock Down 3.4%

The business’s 50 day moving average price is $16.70 and its two-hundred day moving average price is $15.97.

About Glanbia

Glanbia plc is a global nutrition group headquartered in Kilkenny, Ireland, with roots tracing back to the merger of Avonmore and Waterford agricultural cooperatives in 1997. The company is organized around two main divisions: Performance Nutrition, which focuses on sports and lifestyle-forward consumer products, and Glanbia Nutritionals, which supplies nutritional ingredients and custom formulation services to food, beverage and pharmaceutical customers.

Under its Performance Nutrition arm, Glanbia markets well-known brands of protein powders, bars and ready-to-drink beverages designed for athletes, fitness enthusiasts and wellness-focused consumers.