Metcash (ASX:MTS) Shares Pass Above Two Hundred Day Moving Average of $2.90

Shares of Metcash Limited (ASX:MTS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

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 stock has a market cap of $2.52 billion and a price-to-earnings ratio of 13.38. The company’s fifty day moving average price is A$2.91 and its 200-day moving average price is A$2.91.

In related news, insider Peter Birtles bought 40,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were bought at an average price of A$3.00 ($2.13) per share, with a total value of A$119,920.00 ($85,049.65).

Metcash Company Profile (ASX:MTS)

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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