Avjennings (ASX:AVJ) Stock Price Down 0.9%

Avjennings Ltd (ASX:AVJ) shares fell 0.9% during trading on Friday . The stock traded as low as A$0.55 ($0.39) and last traded at A$0.56 ($0.39), 7,665 shares changed hands during trading. The stock had previously closed at A$0.56 ($0.40).

The firm has a 50-day simple moving average of A$0.59. The stock has a market cap of $225.46 million and a price-to-earnings ratio of 13.54. The company has a quick ratio of 0.65, a current ratio of 4.47 and a debt-to-equity ratio of 50.55.

The business also recently disclosed a Final dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 20th will be paid a $0.015 dividend. This represents a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, September 5th. Avjennings’s payout ratio is currently 73.17%.

In related news, insider Peter Summers acquired 249,974 shares of Avjennings stock in a transaction dated Monday, July 1st. The shares were acquired at an average cost of A$0.54 ($0.38) per share, for a total transaction of A$133,736.09 ($94,848.29).

Avjennings Company Profile (ASX:AVJ)

AVJennings Limited engages in the development of residential properties in Australia. It is involved in land and apartment development, and integrated housing activities. The company was founded in 1932 and is based in Hawthorn, Australia. AVJennings Limited is a subsidiary of SC Global Developments Pty Ltd.

Further Reading: What does a neutral rating on stocks mean?

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