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

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

Glanbia Stock Down 1.8 %

The business’s 50 day moving average price is GBX 12.28 and its 200-day moving average price is GBX 13.81. The company has a debt-to-equity ratio of 48.90, a quick ratio of 0.86 and a current ratio of 1.63. The firm has a market capitalization of £2.53 billion, a PE ratio of 19.68, a P/E/G ratio of 8.32 and a beta of 0.47.

Glanbia Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, March 20th will be given a €0.23 ($0.26) dividend. This is a positive change from Glanbia’s previous dividend of $0.16. The ex-dividend date is Thursday, March 20th. This represents a yield of 2.18%. Glanbia’s payout ratio is presently 7,340.94%.

Insiders Place Their Bets

In related news, insider Hugh McGuire sold 42,719 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 1,055 ($13.60), for a total value of £450,685.45 ($581,154.67). 30.55% of the stock is owned by insiders.

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.