Graincorp (ASX:GNC) Stock Price Passes Above 50-Day Moving Average of $8.25

Graincorp Ltd (ASX:GNC)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.25 and traded as high as $8.78. Graincorp shares last traded at $8.70, with a volume of 1,250,511 shares traded.

The firm’s 50-day moving average is A$8.27 and its 200-day moving average is A$8.05. The company has a market capitalization of $1.99 billion and a PE ratio of -17.61. The company has a quick ratio of 0.76, a current ratio of 1.69 and a debt-to-equity ratio of 76.56.

Graincorp Company Profile (ASX:GNC)

GrainCorp Limited operates as a food ingredients and agribusiness company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. The company operates in three segments: Grains, Malt, and Oils. The Grains segment receives, transports, tests, stores, and exports/imports grains comprising wheat, barley, canola, and sorghum, as well as other bulk commodities.

Read More: Dividend Reinvestment Plan (DRIP)

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