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

Glanbia Plc ADR (OTCMKTS:GLAPY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $102.21, but opened at $123.65. Glanbia shares last traded at $128.70, with a volume of 1,513 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GLAPY. Kepler Capital Markets downgraded shares of Glanbia from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Zacks Research upgraded shares of Glanbia to a “hold” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Glanbia Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.36 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average price is $103.18 and its 200-day moving average price is $95.39.

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.