Think Childcare (ASX:TNK) Stock Price Down 4.4%

Shares of Think Childcare Ltd (ASX:TNK) were down 4.4% during mid-day trading on Wednesday . The company traded as low as A$1.26 ($0.89) and last traded at A$1.29 ($0.91), approximately 44,164 shares changed hands during trading. The stock had previously closed at A$1.35 ($0.96).

The company has a market capitalization of $78.17 million and a P/E ratio of 17.43. The company has a debt-to-equity ratio of 276.26, a quick ratio of 0.61 and a current ratio of 0.63. The company has a 50-day moving average price of A$1.43.

The business also recently declared a Final dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 20th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 1.54%. Think Childcare’s dividend payout ratio is currently 121.62%.



In related news, insider Mathew Edwards purchased 47,952 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of A$1.16 ($0.82) per share, for a total transaction of A$55,384.56 ($39,279.83).

About Think Childcare (ASX:TNK)

Think Childcare Limited owns, operates, and manages childcare facilities in Australia. The company operates and manages approximately 78 long day childcare facilities for children between the ages of 6 weeks and 6 years old. It also identifies and develops greenfield services as child care services; and offers consultancy services to third parties and incubator partners to identify and develop greenfield services.

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