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JBS (OTCMKTS:JBSAY) Stock Crosses Above 50-Day Moving Average - Here's Why

JBS logo with Consumer Staples background

Shares of Jbs S.A. (OTCMKTS:JBSAY - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.45 and traded as high as $14.29. JBS shares last traded at $14.05, with a volume of 151,281 shares traded.

Analyst Ratings Changes

Separately, Barclays reiterated an "overweight" rating on shares of JBS in a research note on Thursday, March 27th.

Read Our Latest Research Report on JBS

JBS Stock Performance

The firm has a fifty day moving average of $12.60 and a 200 day moving average of $12.26. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 0.85. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 12.10 and a beta of 0.86.

JBS (OTCMKTS:JBSAY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.19). JBS had a return on equity of 14.29% and a net margin of 1.79%. The firm had revenue of $20.18 billion during the quarter, compared to analyst estimates of $115.12 billion.

JBS Company Profile

(Get Free Report)

JBS SA, together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It produces and commercializes leather, steel cans, plastic resin, personal care and cleaning products, and collagen, as well as wet blue leather, semi-finished, and finished leather products.

Further Reading

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