Associated British Foods (OTCMKTS:ASBFY) Shares Down 1.2% - Time to Sell?

Shares of Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report) traded down 1.2% on Monday . The company traded as low as $28.12 and last traded at $28.27. 11,966 shares traded hands during trading, a decline of 90% from the average session volume of 114,855 shares. The stock had previously closed at $28.60.

Analyst Ratings Changes

Separately, Royal Bank Of Canada downgraded Associated British Foods from a "moderate buy" rating to a "hold" rating in a report on Wednesday, May 14th.

Associated British Foods Trading Down 0.8%

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 business has a 50-day moving average price of $28.22 and a 200 day moving average price of $26.26.

Associated British Foods Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 2nd will be given a $0.2274 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 3.62%.

Associated British Foods Company Profile

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.