Nine Entertainment (ASX:NEC) Shares Pass Below 50-Day Moving Average of $1.92

Nine Entertainment Co Holdings Ltd (ASX:NEC) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.92 and traded as low as $1.82. Nine Entertainment shares last traded at $1.84, with a volume of 6,498,774 shares trading hands.

The stock has a market capitalization of $3.17 billion and a PE ratio of 10.69. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 18.46. The stock’s 50 day moving average price is A$1.92 and its 200-day moving average price is A$1.87.

The company also recently disclosed a Final dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, October 17th will be issued a $0.05 dividend. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 2.58%. Nine Entertainment’s payout ratio is currently 57.47%.

In other Nine Entertainment news, insider Hugh Marks 1,372,549 shares of the stock in a transaction on Friday, September 6th.

About Nine Entertainment (ASX:NEC)

Nine Entertainment Co Holdings Limited engages in television broadcasting and program production businesses in Australia. It operates through Television and Digital segments. The company is involved in the creation and distribution of content; and digital, Internet, subscription video, and other media activities, as well as free to air television activities.

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