Iress (ASX:IRE) Stock Price Passes Above 50 Day Moving Average of $13.87

Iress Ltd (ASX:IRE)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.87 and traded as high as $12.87. Iress shares last traded at $12.69, with a volume of 412,260 shares.

The company has a market capitalization of $2.22 billion and a PE ratio of 34.02. The firm has a 50 day moving average of A$13.84. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 48.73.

In other news, insider Andrew Walsh sold 120,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of A$13.31 ($9.44), for a total value of A$1,597,680.00 ($1,133,106.38).

Iress Company Profile (ASX:IRE)

IRESS Limited provides information, trading, compliance, order management, portfolio and wealth management, and lending systems and related tools in Australia, New Zealand, Asia, Canada, South Africa, and the United Kingdom. It offers CommPay, a revenue management solution for advisor firms; IRESS Digital, a solution for market data, trading, and charting tools; IRESS Execution Management System, a customizable multi-broker order execution and allocation management solution for buy-side participants; and IRESS Order System, a solution for institutional and retail brokers.

Further Reading: Short Selling

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