Glanbia (OTCMKTS:GLAPY) Trading Down 1.2% - Here's Why

Key Points

• Glanbia's share price decreased by 1.2% to $80.95, with trading volume plummeting to just 3 shares compared to an average of 37 shares.
• The company announced a dividend of $0.9751 per share with a remarkably high dividend yield of 272.0%, set to be paid on October 14th.
• Glanbia plc operates as a nutrition company, offering a variety of products, including sports nutrition, dairy, and vitamin supplements globally.

Glanbia Plc ADR (OTCMKTS:GLAPY - Get Free Report) fell 1.2% during trading on Thursday . The stock traded as low as $80.95 and last traded at $80.95. 3 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 37 shares. The stock had previously closed at $81.96.

Glanbia Price Performance

The company has a current ratio of 1.41, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $75.35 and a 200 day moving average price of $69.68.

Glanbia Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.9751 per share. This represents a yield of 272.0%. The ex-dividend date is Monday, August 25th.

Glanbia Company Profile

Glanbia plc, together with its subsidiaries, operates as a nutrition company worldwide. The company offers sports nutrition and lifestyle nutrition products in various formats, such as powders, ready-to-eat bars and snacking food, and ready-to-drink beverage. It also manufactures and sells cheese, dairy, and non-dairy nutritional and functional ingredients; and vitamin and mineral premixes products.