ERM Power (ASX:EPW) Share Price Crosses Below 50-Day Moving Average of $2.17

Shares of ERM Power Ltd (ASX:EPW) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.17 and traded as low as $2.41. ERM Power shares last traded at $2.42, with a volume of 90,558 shares changing hands.

The firm has a 50 day moving average price of A$2.17 and a 200 day moving average price of A$1.93. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 53.43. The stock has a market cap of $605.70 million and a P/E ratio of 5.03.

The company also recently declared a Final dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.045 per share. This represents a yield of 1.84%. The ex-dividend date of this dividend is Friday, September 13th. ERM Power’s dividend payout ratio is presently 18.71%.

In other news, insider Jon Stretch 281,612 shares of the stock in a transaction that occurred on Monday, September 9th.

ERM Power Company Profile (ASX:EPW)

ERM Power Limited, a diversified energy company, engages in the generation and sale of electricity in Australia and the United States. It operates through Business Energy Australia, Generation Assets, and Other segments. The company operates 662 megawatts of low emission gas-fired power stations in Western Australia and Queensland.

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