Macmahon (ASX:MAH) Stock Passes Below 50-Day Moving Average of $0.18

Macmahon Holdings Limited (ASX:MAH)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.18 and traded as low as $0.21. Macmahon shares last traded at $0.21, with a volume of 1,181,412 shares trading hands.

The stock has a market capitalization of $474.10 million and a price-to-earnings ratio of 10.48. The company’s fifty day simple moving average is A$0.19 and its 200 day simple moving average is A$0.20. The company has a quick ratio of 1.24, a current ratio of 1.45 and a debt-to-equity ratio of 37.05.

The business also recently disclosed a Final dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 29th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a dividend yield of 2.27%. Macmahon’s dividend payout ratio is currently 47.62%.

In related news, insider Eva Skira 205,585 shares of the firm’s stock in a transaction on Friday, August 2nd.

Macmahon Company Profile (ASX:MAH)

Macmahon Holdings Limited provides mining services to clients in Australia and Southeast Asia. It offers surface mining services, including mine planning and analysis, mine management, drill and blast, bulk and selective mining, crushing and screening, fixed plant maintenance, water management, and equipment operation and maintenance.

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