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

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

Associated British Foods Price Performance

The stock has a fifty day simple moving average of $29.23 and a 200-day simple moving average of $30.83. 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 disclosed a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.9028 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a boost 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.