Microequities Asset Management Group (ASX:MAM) Shares Down 5.9%

Microequities Asset Management Group Ltd (ASX:MAM)’s share price dropped 5.9% during mid-day trading on Monday . The company traded as low as A$0.32 ($0.23) and last traded at A$0.32 ($0.23), approximately 137,000 shares traded hands during trading. The stock had previously closed at A$0.34 ($0.24).

The company has a market capitalization of $42.57 million and a PE ratio of 12.31. The business has a 50-day moving average of A$0.34.

The firm also recently disclosed a Final dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, September 5th were given a $0.01 dividend. The ex-dividend date was Tuesday, August 20th. This represents a dividend yield of 3.13%. Microequities Asset Management Group’s dividend payout ratio is 76.92%.

About Microequities Asset Management Group (ASX:MAM)

Microequities Asset Management Group Limited operates as a microcap and small cap fund manager in Australia. The company also manages investment funds. It serves high net worth investors. The company was founded in 2006 and is based in Sydney, Australia.

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