JBS (OTCMKTS:JBSAY) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Jbs S.A. (OTCMKTS:JBSAY)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.10 and traded as low as $11.78. JBS shares last traded at $11.78, with a volume of 31,238 shares changing hands.

JBS Price Performance

The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 9.50 and a beta of 1.15. The company’s 50-day simple moving average is $12.10 and its 200-day simple moving average is $12.08. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 0.85.

JBS Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, November 26th were paid a $0.3468 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.39 annualized dividend and a yield of 11.78%. JBS’s dividend payout ratio (DPR) is presently 82.26%.

About JBS

JBS SA, together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It produces and commercializes leather, steel cans, plastic resin, personal care and cleaning products, and collagen, as well as wet blue leather, semi-finished, and finished leather products.