Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) shares saw an uptick in trading volume on Thursday . 671,916 shares were traded during 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 report on Wednesday, May 14th.
Check Out Our Latest Stock Report on Associated British Foods
Associated British Foods Stock Up 2.4%
The company has a current ratio of 1.61, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27. The firm's fifty day moving average is $28.33 and its 200-day moving average is $26.13.
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 issued a dividend of $0.2274 per share. This represents a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, May 30th.
Associated British Foods Company Profile
(
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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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