Glanbia (OTCMKTS:GLAPY) Cut to Hold at Kepler Capital Markets

Glanbia (OTCMKTS:GLAPY) was downgraded by equities research analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Zacks Research raised shares of Glanbia to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Glanbia Stock Performance

GLAPY stock opened at $98.24 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 1.67. The firm’s fifty day moving average is $92.97 and its 200 day moving average is $86.33. Glanbia has a one year low of $52.40 and a one year high of $99.00.

About Glanbia

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.