Associated British Foods (OTCMKTS:ASBFY) Trading Down 4.9% - Here's Why

Associated British Foods PLC (OTCMKTS:ASBFY - Get Free Report)'s stock price traded down 4.9% during trading on Wednesday . The stock traded as low as $27.82 and last traded at $27.82. 14,223 shares were traded during mid-day trading, a decline of 78% from the average session volume of 65,323 shares. The stock had previously closed at $29.24.

Wall Street Analysts Forecast Growth

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

Associated British Foods Price 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 stock has a fifty day simple moving average of $28.28 and a 200-day simple moving average of $26.15.

Associated British Foods Cuts Dividend

The company also recently declared 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. This represents a yield of 3.62%. The ex-dividend date is Friday, May 30th.

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.

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