Glanbia (OTCMKTS:GLAPY) Shares Gap Up – Still a Buy?

Glanbia Plc ADR (OTCMKTS:GLAPY) gapped up prior to trading on Thursday . The stock had previously closed at $98.24, but opened at $118.00. Glanbia shares last traded at $118.00, with a volume of 201 shares changing hands.

Analysts Set New Price Targets

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

Glanbia Price 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 business has a 50-day simple moving average of $101.18 and a 200-day simple moving average of $94.21.

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.