Imperial Tobacco Group (OTCMKTS:IMBBY) Shares Gap Down – Here’s Why

Imperial Tobacco Group PLC (OTCMKTS:IMBBY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $42.15, but opened at $40.74. Imperial Tobacco Group shares last traded at $40.55, with a volume of 17,880 shares changing hands.

Imperial Tobacco Group Stock Performance

The company has a quick ratio of 0.37, a current ratio of 0.74 and a debt-to-equity ratio of 1.57. The business’s fifty day moving average is $42.15 and its 200 day moving average is $41.21.

Imperial Tobacco Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, January 8th. Investors of record on Monday, December 1st will be given a dividend of $0.517 per share. This represents a dividend yield of 537.0%. The ex-dividend date is Friday, November 28th.

About Imperial Tobacco Group

Imperial Tobacco Group, historically established in the United Kingdom in 1901 and now operating under the Imperial Brands name, is a multinational tobacco and nicotine company headquartered in Bristol, England. The company’s core business is the manufacture, marketing and sale of tobacco products and alternative nicotine offerings to adult consumers. It supplies products through a combination of owned channels and third-party distributors and focuses on managing an international portfolio of consumer tobacco and nicotine brands.

Product categories include manufactured cigarettes, cigars and fine-cut tobacco for roll-your-own use, together with a growing range of next-generation nicotine products such as vaping devices, heated tobacco and non-combustible nicotine formats that reflect a strategic shift toward reduced-risk alternatives.