Brown Forman (NYSE:BF.A) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Brown Forman Corporation (NYSE:BF.A) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.37 and traded as high as $29.24. Brown Forman shares last traded at $29.1960, with a volume of 138,926 shares trading hands.

Brown Forman Trading Down 0.0%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.18 and a current ratio of 3.24. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 19.08 and a beta of 0.33. The business has a fifty day moving average price of $26.97 and a 200 day moving average price of $27.37.

Brown Forman (NYSE:BF.A) last issued its earnings results on Thursday, June 4th. The company reported $0.12 earnings per share for the quarter. Brown Forman had a return on equity of 17.63% and a net margin of 18.20%.The firm had revenue of $912.00 million for the quarter.

About Brown Forman

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the Jack Daniel's, Woodford Reserve, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Old Forester, Early Times, Slane Irish Whiskey, Coopers' Craft, el Jimador, Herradura, New Mix, Pepe Lopez, Antiguo, Finlandia, Korbel Champagne, and Sonoma-Cutrer brands.