Finsbury Food Group (LON:FIF) Shares Cross Below 50-Day Moving Average of $70.65

Finsbury Food Group Plc (LON:FIFGet Rating)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 70.65 ($0.87) and traded as low as GBX 67.36 ($0.83). Finsbury Food Group shares last traded at GBX 68 ($0.83), with a volume of 26,897 shares trading hands.

The firm has a fifty day moving average of GBX 70.55 and a 200-day moving average of GBX 80.95. The stock has a market capitalization of £89.05 million and a price-to-earnings ratio of 8.10. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 28.72.

About Finsbury Food Group (LON:FIF)

Finsbury Food Group Plc, together with its subsidiaries, manufactures and sells a range of cakes, bread, and bakery snack products in the United Kingdom and internationally. It offers various bread and morning goods, such as buns and rolls, hot cross buns, muffins, artisan breads, and healthy lifestyle, as well as baguettes, doughnuts, and sliced breads; and cakes, including sponge cakes, loaf cakes, seasonal cakes, and individually portioned sweet snacks, such as chocolate cake bites, cake slices, cake bars, and mini rolls.

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