Moelis Australia Ltd (ASX:MOE) shares hit a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as A$3.97 ($2.82) and last traded at A$3.97 ($2.82), with a volume of 50734 shares trading hands. The stock had previously closed at A$3.99 ($2.83).
Specifically, insider Ken (Kenneth) Moelis sold 5,000,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of A$4.20 ($2.98), for a total value of A$21,000,000.00 ($14,893,617.02). Also, insider Andrew Pridham sold 81,350 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of A$5.05 ($3.58), for a total transaction of A$410,817.50 ($291,359.93). Insiders sold a total of 5,170,441 shares of company stock worth $21,787,710 over the last 90 days.
The company has a market capitalization of $607.26 million and a P/E ratio of 21.34. The company has a debt-to-equity ratio of 34.32, a quick ratio of 4.44 and a current ratio of 4.49.
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About Moelis Australia (ASX:MOE)
Moelis Australia Limited, together with its subsidiaries, provides various financial services. It operates in two segments, Corporate Advisory and Equities; and Asset Management. The Corporate Advisory and Equities segment offers strategic and financial advisory services related to mergers and acquisitions; equity capital markets; debt markets; restructuring and recapitalizations; and situations advisory, as well as provides underwriting and institutional stockbroking services.
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