Superloop (ASX:SLC) Stock Price Up 4.4%

Superloop Ltd (ASX:SLC) rose 4.4% during mid-day trading on Tuesday . The stock traded as high as A$0.96 ($0.68) and last traded at A$0.95 ($0.67), approximately 1,850,620 shares were traded during mid-day trading. The stock had previously closed at A$0.91 ($0.65).

The firm’s 50-day moving average price is A$1.39. The company has a market cap of $240.64 million and a price-to-earnings ratio of 950.00. The company has a debt-to-equity ratio of 25.45, a quick ratio of 0.69 and a current ratio of 0.87.

About Superloop (ASX:SLC)

Superloop Limited engages in the design, construction, development, and operation of independent telecommunications infrastructure in the Asia Pacific region. The company offers network solutions for wholesale, enterprise, and channel customers. It is also involved in the operation of a fixed wireless broadband network; and provision of cloud and managed IT services for corporate customers, as well as cyber safety and security services.

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