Glanbia (LON:GLB) Hits New 52-Week Low – Here’s Why

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

Glanbia Price Performance

The stock has a fifty day moving average of GBX 12.37 and a two-hundred day moving average of GBX 13.86. The stock has a market cap of £2.53 billion, a price-to-earnings 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.

Glanbia Increases Dividend

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

Insider Activity at Glanbia

In other Glanbia news, insider Hugh McGuire sold 42,719 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 1,055 ($13.82), for a total value of £450,685.45 ($590,520.77). Company insiders own 30.55% of the company’s stock.

About Glanbia

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.