Glanbia (OTCMKTS:GLAPY) Reaches New 1-Year High – Time to Buy?

Shares of Glanbia Plc ADR (OTCMKTS:GLAPY) reached a new 52-week high on Friday . The stock traded as high as $135.62 and last traded at $135.62, with a volume of 643 shares traded. The stock had previously closed at $135.62.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research upgraded Glanbia to a “hold” rating in a research report on Tuesday, March 3rd. Kepler Capital Markets cut Glanbia from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Glanbia Stock Performance

The company has a current ratio of 1.36, a quick ratio of 0.81 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $106.48 and a two-hundred day simple moving average of $96.89.

Glanbia Company Profile

Glanbia plc is a global nutrition company headquartered in Kilkenny, Ireland. The company operates through two principal divisions: Performance Nutrition and Glanbia Nutritionals. Performance Nutrition develops and markets sports and lifestyle nutrition products, including powders, bars and ready-to-drink beverages for athletes and fitness enthusiasts. Glanbia Nutritionals supplies dairy-based ingredients, specialty cheeses, whey proteins, nutrient premixes and functional food solutions to food, beverage and supplement manufacturers worldwide.

Glanbia was formed in 1997 through the merger of Avonmore Food plc and Waterford Foods plc.