Associated British Foods (OTCMKTS:ASBFY) Sets New 12-Month Low – Here’s Why

Associated British Foods plc (OTCMKTS:ASBFY)’s share price reached a new 52-week low on Friday . The stock traded as low as $23.60 and last traded at $23.60, with a volume of 29763 shares trading hands. The stock had previously closed at $24.75.

Associated British Foods Price Performance

The company has a current ratio of 1.78, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $27.35 and its 200-day moving average price is $29.82.

Associated British Foods Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.9028 per share. This is a boost from Associated British Foods’s previous dividend of $0.21. The ex-dividend date of this dividend is Friday, December 13th.

About Associated British Foods

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.