Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) shares traded down 1.2% on Monday . The stock traded as low as $28.12 and last traded at $28.27. 11,966 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 114,855 shares. The stock had previously closed at $28.60.
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.
Get Our Latest Stock Analysis on Associated British Foods
Associated British Foods Stock Performance
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 company's fifty day moving average is $28.16 and its 200 day moving average is $26.21.
Associated British Foods Cuts Dividend
The firm also recently announced a dividend, which will be paid on Monday, July 21st. Investors 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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