JBS (OTCMKTS:JBSAY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Shares of Jbs S.A. (OTCMKTS:JBSAY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.31 and traded as low as $11.35. JBS shares last traded at $11.57, with a volume of 85,556 shares traded.

JBS Stock Performance

The stock’s 50-day moving average price is $12.31 and its 200 day moving average price is $12.08. The firm has a market cap of $12.83 billion, a P/E ratio of 9.33 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.

JBS Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, November 26th will be given a $0.3468 dividend. This represents a $1.39 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date is Tuesday, November 26th. JBS’s dividend payout ratio is currently 83.06%.

JBS Company Profile

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.