Australian Agricultural (ASX:AAC) Share Price Crosses Below Fifty Day Moving Average of $1.07

Australian Agricultural Company Ltd (ASX:AAC) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.07 and traded as low as $1.01. Australian Agricultural shares last traded at $1.02, with a volume of 1,034,098 shares.

The company has a debt-to-equity ratio of 46.50, a quick ratio of 0.67 and a current ratio of 5.84. The business has a 50 day simple moving average of A$1.07 and a two-hundred day simple moving average of A$1.10. The firm has a market capitalization of $611.81 million and a P/E ratio of 19.52.

Australian Agricultural Company Profile (ASX:AAC)

Australian Agricultural Company Limited produces and sells cattle and beef in Australia. The company engages in owning, operating, and developing pastoral properties; producing beef, including breeding, backgrounding, feedlotting, and processing cattle; and the production of grass fed beef, grain fed beef, and Wagyu beef.

Further Reading: The limitations of an equal weight rating

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