Associated British Foods (OTCMKTS:ASBFY) Sets New 12-Month Low – Here’s What Happened

Associated British Foods plc (OTCMKTS:ASBFY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $23.12 and last traded at $23.16, with a volume of 23838 shares changing hands. The stock had previously closed at $23.92.

Wall Street Analyst Weigh In

Separately, Citigroup cut Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.

Associated British Foods Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. The business’s 50 day moving average price is $26.52 and its 200 day moving average price is $29.42.

Associated British Foods Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be issued a $0.9028 dividend. This is a boost from Associated British Foods’s previous dividend of $0.21. The ex-dividend date is Friday, December 13th.

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.