Associated British Foods (OTCMKTS:ASBFY) Sets New 1-Year Low – Here’s Why

Shares of Associated British Foods plc (OTCMKTS:ASBFY) hit a new 52-week low during trading on Thursday . The company 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.

Analyst Upgrades and Downgrades

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

Associated British Foods Price Performance

The company has a fifty day simple moving average of $26.33 and a 200-day simple moving average of $29.32. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be paid a $0.9028 dividend. The ex-dividend date 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.