JBS (OTCMKTS:JBSAY) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Jbs S.A. (OTCMKTS:JBSAY)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.32 and traded as high as $12.96. JBS shares last traded at $12.29, with a volume of 44,681 shares.

JBS Stock Performance

The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 0.85. The firm has a fifty day moving average of $12.32 and a 200 day moving average of $11.96.

JBS Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.3468 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.39 annualized dividend and a dividend yield of 11.29%. JBS’s dividend payout ratio is presently 83.06%.

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.