Glanbia (OTCMKTS:GLAPY) Cut to “Hold” at Kepler Capital Markets

Glanbia (OTCMKTS:GLAPY) was downgraded by stock analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Zacks Research upgraded Glanbia to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Glanbia has a consensus rating of “Hold”.

Glanbia Price Performance

Shares of GLAPY opened at $98.24 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.67 and a quick ratio of 0.89. The company’s fifty day moving average price is $92.97 and its 200-day moving average price is $86.33. Glanbia has a 1-year low of $52.40 and a 1-year high of $99.00.

About Glanbia

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.