Brown Forman (NYSE:BF.A) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Brown Forman Corporation (NYSE:BF.A) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.25 and traded as low as $25.41. Brown Forman shares last traded at $25.4860, with a volume of 117,441 shares changing hands.

Brown Forman Stock Performance

The company has a market cap of $11.69 billion, a PE ratio of 16.66 and a beta of 0.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.18 and a current ratio of 3.24. The stock’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $27.25.

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

Brown Forman Company Profile

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.