JBS (OTCMKTS:JBSAY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

JBS SA (OTCMKTS:JBSAY)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.44 and traded as low as $13.90. JBS shares last traded at $14.44, with a volume of 259,253 shares.

JBS Price Performance

The business has a 50-day moving average of $14.44 and a 200-day moving average of $14.56. The company has a current ratio of 1.54, a quick ratio of 0.76 and a debt-to-equity ratio of 2.00.

JBS (OTCMKTS:JBSAY) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. The firm had revenue of $21 billion during the quarter, compared to the consensus estimate of $115.43 billion. JBS had a return on equity of 25.31% and a net margin of 2.65%.

About JBS

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.