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

Glanbia Plc ADR (OTCMKTS:GLAPY) gapped up prior to trading on Tuesday . The stock had previously closed at $128.1498, but opened at $133.00. Glanbia shares last traded at $133.00, with a volume of 150 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GLAPY shares. Kepler Capital Markets downgraded shares of 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 research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Glanbia Stock Performance

The firm has a 50 day moving average of $114.55 and a 200 day moving average of $100.94. The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 0.38.

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.