Glanbia (LON:GLB) Stock Price Passes Above 50 Day Moving Average of $17.50

Glanbia plc (LON:GLB)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Glanbia Stock Performance

The company has a market capitalization of £46.09 million, a P/E ratio of 14.71, a PEG ratio of 8.32 and a beta of 0.55. The stock has a fifty day simple moving average of GBX 17.50 and a 200-day simple moving average of 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 disclosed a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st were issued a dividend of €0.21 ($0.23) per share. This is a positive change from Glanbia’s previous dividend of $0.14. The ex-dividend date was Thursday, March 21st. This represents a dividend yield of 1.38%. Glanbia’s dividend payout ratio (DPR) is presently 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.