Adelaide Brighton (ASX:ABC) Stock Passes Below 50 Day Moving Average of $4.01

Shares of Adelaide Brighton Ltd. (ASX:ABC) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.01 and traded as low as $4.05. Adelaide Brighton shares last traded at $4.05, with a volume of 2,724,039 shares changing hands.

The company has a debt-to-equity ratio of 41.64, a quick ratio of 1.77 and a current ratio of 2.79. The company’s fifty day simple moving average is A$4.01. The firm has a market capitalization of $2.64 billion and a P/E ratio of 14.26.

In other news, insider Kenneth Scott-Mackenzie purchased 15,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of A$3.46 ($2.45) per share, with a total value of A$51,900.00 ($36,808.51).

About Adelaide Brighton (ASX:ABC)

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company operates in two segments, Cement, Lime, Concrete and Aggregates; and Concrete Products. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers.

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