Imperial Brands (OTCMKTS:IMBBY) Reaches New 52-Week High - Here's Why

Imperial Brands PLC (OTCMKTS:IMBBY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $39.43 and last traded at $39.15, with a volume of 548400 shares trading hands. The stock had previously closed at $39.04.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an "overweight" rating on shares of Imperial Brands in a research note on Tuesday, April 1st.

Imperial Brands Stock Down 0.1 %

The company has a quick ratio of 0.36, a current ratio of 0.72 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $36.21 and its 200-day moving average is $33.35.

Imperial Brands Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, February 21st were paid a $0.6779 dividend. The ex-dividend date of this dividend was Friday, February 21st.

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.