Biffa (LON:BIFF) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Biffa plc (LON:BIFF) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 410 ($5.32) and traded as low as GBX 409.60 ($5.31). Biffa shares last traded at GBX 410 ($5.32), with a volume of 2,262,183 shares traded.

Biffa Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 133.38. The company has a market cap of £1.26 billion and a price-to-earnings ratio of -51.25. The business has a 50-day moving average price of GBX 410 and a 200 day moving average price of GBX 410.

About Biffa

Biffa plc provides waste management services in the United Kingdom. The company operates in two segments, Collections and Resources & Energy. It is involved in the collection, recycling, treatment, processing, and disposal of waste, and production of energy. The company offers general waste collection, dry mixed recycling, food waste collection, single stream recycling, hazardous waste collection and treatment, unplanned waste removal, skip hire, asbestos waste disposal, and bin cleaning services for businesses in sectors, including the construction, facilities management, hospitality and events, logistics waste solutions, manufacturing and production, public, retail waste management, and utilities.