Tabcorp Holdings Limited (ASX:TAH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.66 and traded as high as $4.67. Tabcorp shares last traded at $4.63, with a volume of 5,658,485 shares changing hands.
The company has a 50-day moving average price of A$4.81 and a two-hundred day moving average price of A$4.66. The stock has a market capitalization of $9.35 billion and a P/E ratio of 25.87. The company has a quick ratio of 0.39, a current ratio of 0.48 and a debt-to-equity ratio of 53.23.
In other Tabcorp news, insider Paula Dwyer acquired 25,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of A$4.84 ($3.43) per share, with a total value of A$121,025.00 ($85,833.33).
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. The company operates in four segments: Wagering and Media, Lotteries and Keno, Gaming Services, and Sun Bets. The Wagering and Media segment is involved in the provision of totalizator and fixed odds betting products on racing, sporting, and other events; and operating a network of TAB and UBET agencies, hotels and clubs, and on-course operations.
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