Associated British Foods (OTCMKTS:ASBFY) Hits New 52-Week Low – What’s Next?

Associated British Foods plc (OTCMKTS:ASBFY) shares hit a new 52-week low on Thursday . The stock traded as low as $26.13 and last traded at $26.70, with a volume of 10431 shares traded. The stock had previously closed at $26.21.

Associated British Foods Stock Up 1.9 %

The stock has a 50 day simple moving average of $28.94 and a two-hundred day simple moving average of $30.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.78.

Associated British Foods Increases Dividend

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

About Associated British Foods

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.