Glanbia (OTCMKTS:GLAPY) Hits New 12-Month High – Still a Buy?

Glanbia Plc ADR (OTCMKTS:GLAPY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $138.00 and last traded at $138.00, with a volume of 102 shares. The stock had previously closed at $133.00.

Analyst Ratings Changes

Several equities research analysts have recently commented on GLAPY shares. Kepler Capital Markets downgraded Glanbia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Research upgraded Glanbia to a “hold” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Glanbia currently has a consensus rating of “Hold”.

Glanbia Stock Up 3.8%

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’s 50-day moving average price is $116.39 and its 200 day moving average price is $101.92.

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.