Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $28.22, but opened at $26.98. Associated British Foods shares last traded at $28.29, with a volume of 1,910 shares.
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 Research Report on Associated British Foods
Associated British Foods Stock Down 0.2%
The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $28.25 and a two-hundred day simple moving average of $26.17.
Associated British Foods Cuts Dividend
The firm also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a dividend 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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