CBS (NYSE:CBS.A) Stock Passes Below 50-Day Moving Average of $48.46

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CBS Co. (NYSE:CBS.A)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $48.46 and traded as low as $44.02. CBS shares last traded at $44.02, with a volume of 21 shares changing hands.

Separately, TheStreet cut shares of CBS from a “b” rating to a “c+” rating in a research report on Monday, August 5th.

The company’s 50-day moving average price is $48.27 and its two-hundred day moving average price is $49.34. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.14 and a current ratio of 1.65. The stock has a market cap of $16.67 billion, a PE ratio of 8.54 and a beta of 1.10.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, September 9th.

About CBS (NYSE:CBS.A)

CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.

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