Brown Forman (NYSE:BF.A) Shares Gap Up – Here’s Why

Brown Forman Corporation (NYSE:BF.A)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $27.79, but opened at $29.32. Brown Forman shares last traded at $29.2170, with a volume of 5,890 shares.

Brown Forman Price Performance

The company has a current ratio of 3.26, a quick ratio of 1.14 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $27.51 and a 200 day simple moving average of $27.46. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 19.01 and a beta of 0.31.

Brown Forman (NYSE:BF.A) last issued its earnings results on Wednesday, September 2nd. The company reported $0.38 earnings per share for the quarter. The company had revenue of $911.00 million for the quarter. Brown Forman had a return on equity of 17.80% and a net margin of 18.42%.

Brown Forman Company Profile

Brown-Forman Corporation is a global beverage alcohol company that produces, markets and distributes a portfolio of spirits and wine brands. Its portfolio includes Jack Daniel’s Tennessee Whiskey, Woodford Reserve, Old Forester, Gentleman Jack, Herradura, el Jimador and New Mix, among other products.

The company’s activities span whiskey, tequila, vodka, ready-to-drink beverages and selected wine offerings. Brown-Forman sells its products through distributors, retailers, bars, restaurants and other hospitality channels, serving consumers in the United States and international markets across more than 170 countries.

Brown-Forman traces its history to 1870, when George Garvin Brown founded the company in Louisville, Kentucky.