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JBS (OTCMKTS:JBSAY) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

JBS logo with Consumer Staples background

Jbs S.A. (OTCMKTS:JBSAY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.79 and traded as high as $15.65. JBS shares last traded at $14.95, with a volume of 812,207 shares traded.

Wall Street Analyst Weigh In

Separately, Barclays reissued an "overweight" rating on shares of JBS in a research report on Thursday, March 27th.

Get Our Latest Stock Analysis on JBSAY

JBS Stock Down 4.1%

The business has a fifty day moving average price of $14.82 and a two-hundred day moving average price of $12.91. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 0.85. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 11.56 and a beta of 0.81.

JBS (OTCMKTS:JBSAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. JBS had a net margin of 1.79% and a return on equity of 14.29%. The business had revenue of $19.53 billion during the quarter, compared to analysts' expectations of $18.67 billion.

JBS Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, January 12th. Investors of record on Monday, May 5th will be paid a $0.6594 dividend. This represents a dividend yield of 10.07%. The ex-dividend date is Friday, May 2nd. JBS's dividend payout ratio is currently 115.34%.

About JBS

(Get Free Report)

JBS SA, together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It produces and commercializes leather, steel cans, plastic resin, personal care and cleaning products, and collagen, as well as wet blue leather, semi-finished, and finished leather products.

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