Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) saw an uptick in trading volume on Thursday . 671,916 shares were traded during mid-day trading, an increase of 992% from the previous session's volume of 61,503 shares.The stock last traded at $29.19 and had previously closed at $28.33.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada cut Associated British Foods from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, May 14th.
Get Our Latest Stock Report on Associated British Foods
Associated British Foods Trading Down 0.2%
The company has a debt-to-equity ratio of 0.27, a current ratio of 1.61 and a quick ratio of 0.75. The stock has a 50 day moving average of $28.30 and a 200 day moving average of $26.13.
Associated British Foods Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 2nd will be paid a $0.2274 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 3.62%.
About Associated British Foods
(
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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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