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

Associated British Foods plc (OTCMKTS:ASBFYGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as $23.12 and last traded at $23.16, with a volume of 23838 shares trading hands. The stock had previously closed at $23.92.

Analyst Ratings Changes

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

Read Our Latest Analysis on ASBFY

Associated British Foods Stock Performance

The business’s fifty day moving average price is $26.33 and its two-hundred day moving average price is $29.32. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a $0.9028 dividend. This is a boost from Associated British Foods’s previous dividend of $0.21. The ex-dividend date of this dividend is Friday, December 13th.

Associated British Foods Company Profile

(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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