Brambles (OTCMKTS:BXBLY) Shares Gap Down – Should You Sell?

Brambles Ltd. (OTCMKTS:BXBLY) gapped down prior to trading on Friday . The stock had previously closed at $34.50, but opened at $32.86. Brambles shares last traded at $34.4750, with a volume of 10,385 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Brambles to a “hold” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Brambles presently has a consensus rating of “Hold”.

Brambles Trading Down 0.1%

The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $31.49 and its 200-day moving average is $31.83.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.