BlueScope Steel (ASX:BSL) Shares Pass Below Two Hundred Day Moving Average of $12.60

BlueScope Steel Limited (ASX:BSL)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.60 and traded as low as $12.20. BlueScope Steel shares last traded at $12.32, with a volume of 1,937,186 shares traded.

The stock’s 50-day simple moving average is A$12.18 and its 200-day simple moving average is A$12.60. The stock has a market cap of $6.33 billion and a price-to-earnings ratio of 6.57. The company has a current ratio of 1.75, a quick ratio of 0.99 and a debt-to-equity ratio of 12.97.

The firm also recently announced a Final dividend, which was paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a dividend yield of 0.66%. BlueScope Steel’s payout ratio is presently 8.53%.

In other news, insider Jennifer Lambert purchased 4,200 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was bought at an average price of A$12.05 ($8.55) per share, with a total value of A$50,610.00 ($35,893.62). Also, insider Mark Vassella 263,694 shares of the business’s stock in a transaction on Tuesday, September 10th.

About BlueScope Steel (ASX:BSL)

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, Asia, North America, New Zealand, and internationally. It operates through five segments: Australian Steel Products, North Star BlueScope Steel, Building Products Asia and North America, Buildings North America, and New Zealand and Pacific Steel Products.

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