Corporate Travel Management (ASX:CTD) Share Price Crosses Below 200 Day Moving Average of $23.88

Corporate Travel Management Ltd (ASX:CTD)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $23.88 and traded as low as $18.91. Corporate Travel Management shares last traded at $19.00, with a volume of 831,320 shares changing hands.

The company has a market capitalization of $2.07 billion and a P/E ratio of 23.96. The company has a quick ratio of 1.23, a current ratio of 1.30 and a debt-to-equity ratio of 6.63. The business has a fifty day moving average price of A$21.60 and a 200 day moving average price of A$23.88.

The business also recently announced a Final dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, October 3rd will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.1%. Corporate Travel Management’s payout ratio is presently 55.49%.

In other news, insider Laura Ziolkowski (Ruffles) 59,616 shares of Corporate Travel Management stock in a transaction on Wednesday, August 21st. Also, insider Ewen Crouch bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average price of A$18.28 ($12.96) per share, for a total transaction of A$91,400.00 ($64,822.70).

Corporate Travel Management Company Profile (ASX:CTD)

Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market worldwide. It operates in four segments: Travel Services Australia and New Zealand, Travel Services North America, Travel Services Asia, and Travel Services Europe.

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