AMP (ASX:AMP) Shares Cross Below 200 Day Moving Average of $2.02

Shares of AMP Limited (ASX:AMP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.02 and traded as low as $1.79. AMP shares last traded at $1.81, with a volume of 26,743,842 shares traded.

The stock has a 50-day simple moving average of A$1.76 and a 200 day simple moving average of A$2.02. The company has a debt-to-equity ratio of 507.21, a quick ratio of 7.71 and a current ratio of 7.87. The company has a market cap of $5.35 billion and a P/E ratio of -2.23.

In other news, insider Debra Hazelton acquired 21,052 shares of AMP stock in a transaction on Friday, August 23rd. The stock was bought at an average price of A$1.71 ($1.21) per share, for a total transaction of A$35,893.66 ($25,456.50). Also, insider Andrea Slattery bought 22,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of A$1.80 ($1.28) per share, with a total value of A$39,600.00 ($28,085.11).

About AMP (ASX:AMP)

AMP Limited operates as a wealth management company in Australia and internationally. The company operates through Australian Wealth Management, AMP Capital, AMP Bank, and New Zealand Wealth Management segments. It offers financial advice services; platform and software administration services; and unit linked personal and employer sponsored plans with insurance, retirement income, and managed investment products.

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