JBS (OTCMKTS:JBSAY) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Jbs S.A. (OTCMKTS:JBSAY) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 changing hands.

JBS Trading Down 7.0 %

The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15. The company’s 50-day moving average price is $12.32 and its 200-day moving average price is $11.96. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 1.80.

JBS Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, November 26th will be issued a $0.3468 dividend. This represents a $1.39 annualized dividend and a yield of 11.29%. The ex-dividend date is Tuesday, November 26th. JBS’s payout ratio is 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.