Reckon (ASX:RKN) Stock Price Passes Below 50-Day Moving Average of $0.62

Shares of Reckon Limited (ASX:RKN) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.62 and traded as low as $0.70. Reckon shares last traded at $0.70, with a volume of 100,528 shares.

The company has a debt-to-equity ratio of 288.45, a current ratio of 1.08 and a quick ratio of 0.66. The company has a market cap of $79.31 million and a PE ratio of 10.29. The stock has a fifty day moving average of A$0.63.

About Reckon (ASX:RKN)

Reckon Limited provides software solutions for small and medium businesses, larger businesses, accountants, bookkeepers, and lawyers in Australia, the United States, and others. It operates through Business Group, Legal Practice Management Group, and Accountant Practice Management Group segments. The Business Group segment engages in the development, distribution, and support of business accounting and personal wealth management software products, which include Reckon One and Reckon Accounts Hosted cloud software products, Reckon Accounts Business, and Reckon Accounts Personal.

Further Reading: Trading based on a resistance level

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