Brown Forman (NYSE:BF.A) Stock Breaks Above 200-Day Moving Average – Here’s Why

Brown Forman Corporation (NYSE:BF.A) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $27.41 and traded as high as $28.04. Brown Forman shares last traded at $27.8570, with a volume of 136,580 shares traded.

Brown Forman Trading Up 1.0%

The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 18.80 and a beta of 0.31. The business has a fifty day moving average of $27.50 and a two-hundred day moving average of $27.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.14 and a current ratio of 3.26.

Brown Forman (NYSE:BF.A) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.38 earnings per share (EPS) for the quarter. The firm had revenue of $911.00 million during the quarter. Brown Forman had a return on equity of 17.80% and a net margin of 18.42%.

Brown Forman Company Profile

Brown-Forman Corporation is a global beverage alcohol company that produces, markets and distributes a portfolio of spirits and wine brands. Its portfolio includes Jack Daniel’s Tennessee Whiskey, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador and New Mix, among other products.

The company’s activities span whiskey, tequila, vodka, ready-to-drink beverages and selected wine offerings. Brown-Forman sells its products through distributors, retailers, bars, restaurants and other hospitality channels, serving consumers in the United States and international markets across more than 170 countries.

Brown-Forman traces its history to 1870, when George Garvin Brown founded the company in Louisville, Kentucky.