Carlsberg AS (OTCMKTS:CABGY) Shares Gap Down – Time to Sell?
by Tristan Rich · The Markets DailyCarlsberg AS (OTCMKTS:CABGY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $26.11, but opened at $25.25. Carlsberg AS shares last traded at $25.30, with a volume of 2,830 shares changing hands.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Carlsberg AS has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on CABGY
Carlsberg AS Trading Down 1.7%
The business’s 50 day moving average is $25.02 and its two-hundred day moving average is $25.29. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 2.41.
Carlsberg AS Company Profile
Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.
Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.