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

Jbs S.A. (OTCMKTS:JBSAY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.20 and traded as low as $12.04. JBS shares last traded at $12.40, with a volume of 27,175 shares trading hands.

JBS Stock Performance

The firm has a market cap of $13.75 billion, a P/E ratio of 32.63 and a beta of 1.14. The company has a current ratio of 1.62, a quick ratio of 0.89 and a debt-to-equity ratio of 1.94. The company’s 50-day moving average is $12.20 and its two-hundred day moving average is $11.18.

JBS (OTCMKTS:JBSAY) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.30 earnings per share for the quarter. JBS had a net margin of 1.05% and a return on equity of 8.34%. The business had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.95 billion.

JBS Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 17th. Shareholders of record on Monday, August 26th were given a dividend of $0.7106 per share. The ex-dividend date was Monday, August 26th. This is a boost from JBS’s previous dividend of $0.40. JBS’s dividend payout ratio (DPR) is currently 186.84%.

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.