JBS (OTCMKTS:JBSAY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Jbs S.A. (OTCMKTS:JBSAY) passed 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.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating on shares of JBS in a research report on Thursday, March 27th.

JBS Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 1.80. The stock has a 50 day simple moving average of $12.45 and a two-hundred day simple moving average of $12.20. The stock has a market capitalization of $15.58 billion, a P/E ratio of 11.33 and a beta of 0.86.

JBS (OTCMKTS:JBSAY) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $115.12 billion.

About JBS

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.