JBS (OTCMKTS:JBSAY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Jbs S.A. (OTCMKTS:JBSAY) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.20 and traded as low as $11.12. JBS shares last traded at $11.14, with a volume of 36,541 shares trading hands.

JBS Stock Performance

The business has a 50-day moving average price of $12.20 and a 200 day moving average price of $12.08. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.85 and a current ratio of 1.47.

JBS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, November 26th will be paid a $0.3468 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.39 annualized dividend and a dividend yield of 12.45%. JBS’s payout ratio is 83.87%.

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.