Shares of Virgin Australia Holdings Ltd (ASX:VAH) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.16 and traded as high as $0.16. Virgin Australia shares last traded at $0.16, with a volume of 138,461 shares trading hands.
The company has a 50 day moving average of A$0.16 and a two-hundred day moving average of A$0.17. The firm has a market cap of $1.35 billion and a P/E ratio of -3.90. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 489.38.
In related news, insider Judith Swales purchased 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average price of A$0.17 ($0.12) per share, for a total transaction of A$33,800.00 ($23,971.63).
Virgin Australia Holdings Limited engages in the operation of domestic and international airline business in Australia. The company operates through Virgin Australia Domestic, Virgin Australia International, Velocity, and Tigerair Australia segments. Its aircraft flies to domestic destinations, including regional network, charter, and cargo operations; and international destinations comprising Trans-Pacific, Trans-Tasman, Pacific Island, and South East Asian routes, as well as international cargo operations.
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