Adelaide Brighton (ASX:ABC) Stock Passes Below 200 Day Moving Average of $3.63
Adelaide Brighton Ltd. (ASX:ABC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.63 and traded as low as $3.47. Adelaide Brighton shares last traded at $3.49, with a volume of 1,306,502 shares trading hands.
The business’s 50 day moving average price is A$3.21 and its 200-day moving average price is A$3.63. The company has a current ratio of 2.64, a quick ratio of 1.76 and a debt-to-equity ratio of 59.04. The company has a market cap of $2.28 billion and a price-to-earnings ratio of 27.70.
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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