Brown Forman (NYSE:BF.A) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?

Brown Forman Corporation (NYSE:BF.A)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $27.53 and traded as high as $30.93. Brown Forman shares last traded at $30.8950, with a volume of 123,703 shares changing hands.

Brown Forman Trading Down 2.4%

The company has a current ratio of 3.26, a quick ratio of 1.14 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $27.60 and a 200 day simple moving average of $27.55. The firm has a market cap of $13.84 billion, a PE ratio of 19.46 and a beta of 0.31.

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

Brown Forman Company Profile

Brown-Forman Corporation is a global producer and marketer of alcoholic beverages. Founded in 1870 by George Garvin Brown, the company has grown from a bourbon producer into a diversified spirits business with a portfolio spanning whiskey, tequila, vodka, rum, gin and ready-to-drink beverages.

Its best-known brands include Jack Daniel’s Tennessee Whiskey, Woodford Reserve, Old Forester, Herradura, el Jimador, Coopers’ Craft and New Mix. Brown-Forman also markets additional premium spirits and cocktail products under a range of established brand names.