Brown Forman (NYSE:BF.A) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Brown Forman Corporation (NYSE:BF.A) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.30 and traded as low as $26.49. Brown Forman shares last traded at $26.5880, with a volume of 108,317 shares changing hands.

Brown Forman Price Performance

The firm has a 50-day simple moving average of $26.89 and a 200-day simple moving average of $27.27. The firm has a market capitalization of $11.80 billion, a PE ratio of 16.81 and a beta of 0.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.24 and a quick ratio of 1.18.

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