Zacks Research upgraded shares of Brambles (OTCMKTS:BXBLY – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks reports.
Brambles Stock Performance
Shares of OTCMKTS:BXBLY traded up $0.42 on Thursday, reaching $28.05. The company had a trading volume of 66,244 shares, compared to its average volume of 190,847. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.60. Brambles has a 52-week low of $22.70 and a 52-week high of $36.00. The firm’s 50 day simple moving average is $27.19 and its 200-day simple moving average is $27.87.
About Brambles
Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business, which provides reusable pallets, crates, bins and other platforms used to move, store and protect goods. Rather than selling these assets outright, Brambles operates a pooling model in which customers access a shared fleet of standardized equipment that is collected, inspected, repaired and redistributed for repeated use.
CHEP products support supply chains across the consumer goods, grocery, fresh produce, beverage, manufacturing and retail sectors.
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