Glanbia (LON:GLB) Share Price Crosses Above 50 Day Moving Average of $17.50

Glanbia plc (LON:GLB) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 17.50 ($0.22) and traded as high as GBX 18.44 ($0.23). Glanbia shares last traded at GBX 17.65 ($0.22), with a volume of 61 shares changing hands.

Glanbia Trading Down 4.3 %

The firm has a market cap of £46.09 million, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 8.32 and a beta of 0.55. The company’s 50-day moving average price is GBX 17.50 and its 200-day moving average price is GBX 16. The company has a quick ratio of 0.86, a current ratio of 1.68 and a debt-to-equity ratio of 36.19.

Glanbia Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st were given a €0.21 ($0.23) dividend. This represents a dividend yield of 1.38%. The ex-dividend date was Thursday, March 21st. This is an increase from Glanbia’s previous dividend of $0.14. Glanbia’s dividend payout ratio (DPR) is 2,916.67%.

About Glanbia

Glanbia plc, together with its subsidiaries, operates as a nutrition company worldwide. The company offers sports nutrition and lifestyle nutrition products in various formats, such as powders, ready-to-eat bars and snacking food, and ready-to-drink beverage. It also manufactures and sells cheese, dairy, and non-dairy nutritional and functional ingredients; and vitamin and mineral premixes products.