Associated British Foods (OTCMKTS:ASBFY) Hits New 12-Month Low – Time to Sell?

Shares of Associated British Foods plc (OTCMKTS:ASBFY) hit a new 52-week low during trading on Friday . The company traded as low as $26.98 and last traded at $27.12, with a volume of 23313 shares traded. The stock had previously closed at $28.02.

Associated British Foods Price Performance

The business has a fifty day moving average price of $29.23 and a 200 day moving average price of $30.83. The company has a current ratio of 1.78, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.9028 per share. The ex-dividend date is Friday, December 13th. This is a positive change from Associated British Foods’s previous dividend of $0.21.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.