Peet (ASX:PPC) Stock Crosses Above 50-Day Moving Average of $1.15

Shares of Peet Limited (ASX:PPC) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.15 and traded as high as $1.17. Peet shares last traded at $1.15, with a volume of 5,961 shares trading hands.

The company’s 50-day moving average is A$1.15 and its 200 day moving average is A$1.09. The company has a market capitalization of $555.80 million and a PE ratio of 11.73. The company has a debt-to-equity ratio of 45.91, a quick ratio of 0.57 and a current ratio of 1.78.

The company also recently disclosed a Final dividend, which was paid on Monday, October 7th. Investors of record on Monday, October 7th were given a dividend of $0.03 per share. This represents a yield of 2.54%. The ex-dividend date was Wednesday, September 18th. Peet’s dividend payout ratio (DPR) is 61.22%.

Peet Company Profile (ASX:PPC)

Peet Limited acquires, develops, and markets residential land in Australia. The company operates through Funds Management, Company-Owned Projects, and Joint Arrangements segments. The Funds Management segment provides underwriting, capital raising, and asset identification services. The Company-Owned Projects segment acquires parcels of land for residential development purpose, as well as produces non-residential blocks of land.

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