Challenger (ASX:CGF) Shares Pass Below 200-Day Moving Average of $7.50

Challenger Ltd (ASX:CGF) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.50 and traded as low as $7.18. Challenger shares last traded at $7.29, with a volume of 7,571,448 shares trading hands.

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 stock has a market capitalization of $4.46 billion and a PE ratio of 16.27. The stock’s 50 day simple moving average is A$6.78 and its two-hundred day simple moving average is A$7.50.

The business also recently announced a Final dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th will be paid a $0.18 dividend. This represents a yield of 2.59%. The ex-dividend date of this dividend is Friday, August 30th. Challenger’s payout ratio is 80.36%.

Challenger Company Profile (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.

Recommended Story: What is meant by a buy rating?

Receive News & Ratings for Challenger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Challenger and related companies with's FREE daily email newsletter.