Ridley (ASX:RIC) Stock Crosses Above 50 Day Moving Average of $1.02

Ridley Co. Ltd (ASX:RIC) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.02 and traded as high as $1.06. Ridley shares last traded at $1.06, with a volume of 237,457 shares changing hands.

The stock has a market cap of $326.82 million and a P/E ratio of 13.82. The company has a current ratio of 1.19, a quick ratio of 0.67 and a debt-to-equity ratio of 56.74. The company has a 50-day moving average price of A$1.02 and a two-hundred day moving average price of A$1.22.

The business also recently announced a Final dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be given a dividend of $0.028 per share. This represents a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, October 17th. Ridley’s dividend payout ratio is currently 78.95%.

Ridley Company Profile (ASX:RIC)

Ridley Corporation Limited, together with its subsidiaries, provides animal nutrition solutions in Australasia. It operates through two segments, AgriProducts and Property. The company provides its animal nutrition solutions to food producers in dairy, poultry, pig, aquaculture, sheep, and beef industries; laboratory animals in the research sector; and the equine and canine markets in the recreational sector.

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