Bunzl (OTCMKTS:BZLFY) Sees Strong Trading Volume – Here’s What Happened

Shares of Bunzl PLC (OTCMKTS:BZLFY) saw unusually-high trading volume on Tuesday . Approximately 332,236 shares traded hands during trading, an increase of 280% from the previous session’s volume of 87,477 shares.The stock last traded at $14.3950 and had previously closed at $14.40.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Bunzl to a “hold” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bunzl Stock Performance

The business’s 50-day simple moving average is $15.38 and its 200-day simple moving average is $15.76. The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.69.

Bunzl Company Profile

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.