Metcash (ASX:MTS) Stock Passes Above Two Hundred Day Moving Average of $2.90
Metcash Limited (ASX:MTS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.90 and traded as high as $3.01. Metcash shares last traded at $2.95, with a volume of 2,662,097 shares traded.
The company has a debt-to-equity ratio of 14.84, a current ratio of 1.15 and a quick ratio of 0.77. The firm has a market capitalization of $2.68 billion and a P/E ratio of 14.25. The company’s 50-day simple moving average is A$2.89 and its two-hundred day simple moving average is A$2.90.
In other Metcash news, insider Peter Birtles purchased 40,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were acquired at an average cost of A$3.00 ($2.13) per share, for a total transaction of A$119,920.00 ($85,049.65).
Metcash Limited operates as a wholesale distribution and marketing company in Australia and New Zealand. It operates through Food & Grocery, Liquor, and Hardware segments. The Food & Grocery segment distributes a range of products and services to independent supermarket and convenience retail outlets.
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