Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) shares saw an uptick in trading volume on Friday . 500,743 shares were traded during mid-day trading, an increase of 885% from the previous session's volume of 50,817 shares.The stock last traded at $28.36 and had previously closed at $28.09.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada cut shares of Associated British Foods from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, May 14th.
View Our Latest Research Report on Associated British Foods
Associated British Foods Trading Up 1.3%
The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $28.30 and a 200 day moving average of $26.16.
Associated British Foods Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 2nd will be paid a $0.2274 dividend. This represents a dividend yield of 3.62%. The ex-dividend date is Friday, May 30th.
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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