Technology One (ASX:TNE) Stock Price Passes Below 200-Day Moving Average of $7.86

Technology One Limited (ASX:TNE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.86 and traded as low as $7.07. Technology One shares last traded at $7.08, with a volume of 962,964 shares traded.

The company has a market capitalization of $2.25 billion and a PE ratio of 36.88. The firm’s 50-day simple moving average is A$7.55 and its 200 day simple moving average is A$7.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.71 and a current ratio of 0.78.

In related news, insider Sharon Doyle bought 12,375 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were bought at an average cost of A$8.11 ($5.75) per share, for a total transaction of A$100,398.38 ($71,204.52). Also, insider Kevin Blinco sold 60,000 shares of the business’s stock in a transaction on Thursday, July 4th. The stock was sold at an average price of A$8.08 ($5.73), for a total transaction of A$485,040.00 ($344,000.00).

About Technology One (ASX:TNE)

Technology One Limited researches, develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia, New Zealand, and internationally. It operates through Sales and Marketing, Consulting, Research & Development, and Cloud segments. The company offers various business solutions, including enterprise asset management, financials, human resource and payroll, enterprise budgeting, supply chain, property and rating, student management, business intelligence, enterprise content management, performance planning, spatial, enterprise cash receipting, stakeholder management, and business process management.

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