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

Associated British Foods plc (OTCMKTS:ASBFYGet Free Report) shares hit a new 52-week low on Friday . The company traded as low as $23.60 and last traded at $23.60, with a volume of 29763 shares trading hands. The stock had previously closed at $24.75.

Associated British Foods Trading Down 4.6 %

The business’s 50 day moving average price is $27.35 and its 200-day moving average price is $29.82. The company has a quick ratio of 0.91, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

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

About Associated British Foods

(Get Free Report)

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.

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