Autosports Group (ASX:ASG) Trading 0.9% Higher After Dividend Announcement
Autosports Group Ltd (ASX:ASG) shares traded up 0.9% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as A$1.63 ($1.16) and last traded at A$1.63 ($1.16), 14,885 shares traded hands during mid-day trading. A decline of 94% from the average session volume of 263,788 shares. The stock had previously closed at A$1.62 ($1.15).
The newly announced dividend which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.03 per share. This represents a dividend yield of 1.84%. The ex-dividend date is Monday, October 28th. Autosports Group’s payout ratio is 76.92%.
The company has a quick ratio of 0.24, a current ratio of 0.92 and a debt-to-equity ratio of 94.74. The firm’s 50-day moving average is A$1.23 and its 200-day moving average is A$1.18. The company has a market cap of $327.63 million and a PE ratio of 20.90.
Autosports Group Limited operates in the retail automotive industry in Australia. It engages in the sale of new and used motor vehicles, aftermarket products, and spare parts; distribution of finance and insurance products; and provision of motor vehicle servicing and collision repair services. The company was founded in 2016 and is based in Leichhardt, Australia.
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