Glanbia (LON:GLB) Hits New 12-Month Low – Time to Sell?

Glanbia plc (LON:GLB)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 9.65 ($0.12) and last traded at GBX 9.65 ($0.12), with a volume of 110509 shares traded. The stock had previously closed at GBX 10.10 ($0.13).

Glanbia Stock Down 1.8 %

The firm has a market cap of £2.53 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 8.32 and a beta of 0.47. The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 48.90. The business has a 50-day moving average price of GBX 12.28 and a two-hundred day moving average price of GBX 13.81.

Glanbia Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, March 20th will be issued a dividend of €0.23 ($0.26) per share. This is an increase from Glanbia’s previous dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 2.18%. Glanbia’s dividend payout ratio is 7,340.94%.

Insider Activity

In other Glanbia news, insider Hugh McGuire sold 42,719 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of GBX 1,055 ($13.60), for a total value of £450,685.45 ($581,154.67). Company insiders own 30.55% of the company’s stock.

Glanbia Company Profile

We are a better nutrition company, home to consumer brands and ingredients that help people around the world feel strong, nourished, and to perform well at any age. Everything we do has real nutritional benefit. Everything we do is in pursuit of better, for each other and the planet.