Associated British Foods (OTCMKTS:ASBFY) Sets New 1-Year Low – Should You Sell?

Associated British Foods plc (OTCMKTS:ASBFY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $26.13 and last traded at $26.70, with a volume of 10431 shares trading hands. The stock had previously closed at $26.21.

Associated British Foods Price Performance

The stock’s fifty day simple moving average is $28.94 and its 200-day simple moving average is $30.61. 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 declared a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be given 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.