Insider Buying: Ausnet Services Ltd (ASX:AST) Insider Purchases A$19,775.00 in Stock

Ausnet Services Ltd (ASX:AST) insider Nora Scheinkestel acquired 11,300 shares of the stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of A$1.75 ($1.20) per share, for a total transaction of A$19,775.00 ($13,544.52).

The company has a market capitalization of $7.16 billion and a price-to-earnings ratio of 24.56. The company has a current ratio of 0.65, a quick ratio of 0.46 and a debt-to-equity ratio of 337.91. Ausnet Services Ltd has a 12-month low of A$1.47 ($1.00) and a 12-month high of A$2.02 ($1.38). The stock has a 50 day moving average of A$1.94 and a 200-day moving average of A$1.81.

Ausnet Services Company Profile

AusNet Services Ltd engages in energy delivery services business in Australia. The company operates through Electricity Distribution, Gas Distribution, Electricity Transmission, and Commercial Energy Services segments. The Electricity Distribution segment carries electricity from the high voltage transmission network to end users in eastern Victoria.

Further Reading: Dead Cat Bounce

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