Glanbia (LON:GLB) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Glanbia plc (LON:GLB) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 15.70 ($0.20) and traded as high as GBX 16.18 ($0.21). Glanbia shares last traded at GBX 15.70 ($0.20), with a volume of 537 shares.

Glanbia Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 48.90. The firm has a market cap of £41.29 million, a PE ratio of 15.39, a price-to-earnings-growth ratio of 8.32 and a beta of 0.47. The stock has a 50 day moving average price of GBX 15.70 and a two-hundred day moving average price of GBX 17.27.

Glanbia Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, August 22nd were given a dividend of €0.16 ($0.17) per share. This represents a yield of 0.92%. The ex-dividend date was Thursday, August 22nd. Glanbia’s dividend payout ratio is presently 3,627.45%.

Insiders Place Their Bets

In related news, insider Dan O’Connor acquired 7,320 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of GBX 1,550 ($20.12) per share, with a total value of £113,460 ($147,312.39). Corporate insiders own 30.55% of the company’s stock.

About Glanbia

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.