JBS (OTCMKTS:JBSAY) Stock Passes Above 50-Day Moving Average - Here's What Happened

Jbs S.A. (OTCMKTS:JBSAY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

JBSAY has been the topic of a number of recent analyst reports. Stephens raised shares of JBS to a "strong-buy" rating in a research report on Wednesday. Barclays reiterated an "overweight" rating on shares of JBS in a report on Thursday, March 27th.

JBS Stock Performance

The firm's fifty day moving average price is $14.81 and its 200-day moving average price is $12.93. The company has a market cap of $15.90 billion, a P/E ratio of 11.56 and a beta of 0.81. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 1.80.

JBS (OTCMKTS:JBSAY - Get Free Report) last posted its quarterly earnings results 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 return on equity of 14.29% and a net margin of 1.79%. The firm 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. Stockholders 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 of this dividend is Friday, May 2nd. JBS's dividend payout ratio (DPR) is currently 115.34%.

JBS Company Profile

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.