Acasta Enterprises (TSE:AEF) Share Price Passes Below Fifty Day Moving Average of $0.64

Acasta Enterprises Inc (TSE:AEF) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.64 and traded as low as $0.79. Acasta Enterprises shares last traded at $0.79, with a volume of 800 shares traded.

The firm has a market cap of $42.84 million and a price-to-earnings ratio of -1.09. The business’s 50 day moving average price is C$0.64 and its 200 day moving average price is C$0.70. The company has a debt-to-equity ratio of 390.58, a quick ratio of 0.24 and a current ratio of 0.61.

About Acasta Enterprises (TSE:AEF)

Acasta Enterprises Inc is a private equity firm specializing in buyouts. It prefer to invest in founder-led businesses, carve-outs of non-core assets, industry consolidation, and growth-oriented businesses. The firm prefers to invest in private label consumer staples and aviation finance and asset management companies.

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