Imperial Brands (OTCMKTS:IMBBY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Imperial Brands PLC (OTCMKTS:IMBBY)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.82 and traded as high as $37.00. Imperial Brands shares last traded at $37.00, with a volume of 154,893 shares.

Analyst Ratings Changes

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

Imperial Brands Price Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.36. The stock has a fifty day simple moving average of $35.67 and a two-hundred day simple moving average of $32.82.

Imperial Brands Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, April 7th. Investors 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.