Challenger (ASX:CGF) Shares Pass Below Two Hundred Day Moving Average of $7.44

Challenger Ltd (ASX:CGF)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.44 and traded as low as $6.78. Challenger shares last traded at $6.82, with a volume of 2,354,343 shares.

The stock’s 50 day moving average price is A$7.01 and its two-hundred day moving average price is A$7.42. The company has a debt-to-equity ratio of 204.13, a current ratio of 1.71 and a quick ratio of 1.61. The firm has a market capitalization of $4.20 billion and a price-to-earnings ratio of 15.31.

The business also recently announced a Final dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were paid a dividend of $0.18 per share. This represents a yield of 2.59%. The ex-dividend date was Friday, August 30th. Challenger’s payout ratio is currently 80.36%.

About Challenger (ASX:CGF)

Challenger Limited is a publicly owned investment manager. The company also provides retirement services to its clients. It manages equity mutual funds. The firm invests into the public equity markets. Challenger Limited was founded in 1985 and is based in Australia, Asia and United Kingdom.

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