Nine Entertainment (ASX:NEC) Shares Cross Below Fifty Day Moving Average of $1.93

Nine Entertainment Co Holdings Ltd (ASX:NEC) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.93 and traded as low as $1.97. Nine Entertainment shares last traded at $1.98, with a volume of 4,347,839 shares traded.

The firm has a market capitalization of $3.37 billion and a PE ratio of 11.35. The company has a debt-to-equity ratio of 18.46, a current ratio of 1.25 and a quick ratio of 0.77. The stock has a 50-day moving average price of A$1.93 and a 200-day moving average price of A$1.85.

The firm also recently announced a Final dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 17th will be given a dividend of $0.05 per share. This represents a dividend yield of 2.58%. The ex-dividend date is Thursday, September 26th. Nine Entertainment’s payout ratio is 57.47%.

In other news, insider Hugh Marks 1,372,549 shares of the company’s stock in a transaction dated Friday, September 6th.

About Nine Entertainment (ASX:NEC)

Nine Entertainment Co Holdings Limited engages in television broadcasting and program production businesses in Australia. It operates through Television and Digital segments. The company is involved in the creation and distribution of content; and digital, Internet, subscription video, and other media activities, as well as free to air television activities.

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