Abacus Property Group (ASX:ABP) Share Price Crosses Below 50-Day Moving Average of $4.06

Abacus Property Group (ASX:ABP)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.06 and traded as low as $3.90. Abacus Property Group shares last traded at $3.94, with a volume of 745,089 shares.

The company has a current ratio of 2.65, a quick ratio of 1.45 and a debt-to-equity ratio of 37.88. The business has a 50-day moving average price of A$4.06 and a two-hundred day moving average price of A$3.91. The firm has a market capitalization of $2.54 billion and a price-to-earnings ratio of 11.26.

In other news, insider Holly Kramer purchased 6,402 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of A$3.91 ($2.77) per share, with a total value of A$25,031.82 ($17,753.06). Also, insider Steven Sewell 43,448 shares of the company’s stock in a transaction that occurred on Monday, September 16th.

Abacus Property Group Company Profile (ASX:ABP)

Abacus Property Group is a leading diversified property group. We specialise in investing in core plus property opportunities in Australia. Abacus was established in 1996. We listed on the ASX in 2002 and are included in the S&P/ASX 200 index. Abacus is a stapled entity that combines the securities in three companies, Abacus Group Holdings Limited, Abacus Group Projects Limited and Abacus Storage Operations Limited, and three trusts, Abacus Trust, Abacus Income Trust and Abacus Storage Property Trust.

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