Imperial Brands (OTCMKTS:IMBBY) Reaches New 52-Week High – Should You Buy?

Imperial Brands PLC (OTCMKTS:IMBBY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.16 and last traded at $39.95, with a volume of 119453 shares trading hands. The stock had previously closed at $39.48.

Wall Street Analysts Forecast Growth

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

Imperial Brands Stock Performance

The business has a 50 day simple moving average of $36.30 and a two-hundred day simple moving average of $33.40. The company has a quick ratio of 0.36, a current ratio of 0.72 and a debt-to-equity ratio of 1.24.

Imperial Brands Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, February 21st were given a dividend of $0.6779 per share. The ex-dividend date 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.