Moelis Australia (ASX:MOE) Sets New 1-Year Low at $3.70
Shares of Moelis Australia Ltd (ASX:MOE) hit a new 52-week low on Thursday . The stock traded as low as A$3.70 ($2.62) and last traded at A$3.70 ($2.62), with a volume of 101156 shares traded. The stock had previously closed at A$3.92 ($2.78).
The firm has a market capitalization of $565.96 million and a price-to-earnings ratio of 19.89. The company has a debt-to-equity ratio of 34.32, a current ratio of 4.49 and a quick ratio of 4.44.
In other news, insider Ken (Kenneth) Moelis sold 5,000,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of A$4.20 ($2.98), for a total transaction of A$21,000,000.00 ($14,893,617.02). Also, insider Andrew Pridham sold 61,171 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of A$4.08 ($2.89), for a total value of A$249,577.68 ($177,005.45).
Moelis Australia Limited, together with its subsidiaries, provides various financial services. It operates in two segments, Corporate Advisory and Equities; and Asset Management. The Corporate Advisory and Equities segment offers strategic and financial advisory services related to mergers and acquisitions; equity capital markets; debt markets; restructuring and recapitalizations; and situations advisory, as well as provides underwriting and institutional stockbroking services.
Further Reading: Beta
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