Spirit Telecom (ASX:ST1) Shares Down 4.3%

Spirit Telecom Ltd (ASX:ST1)’s share price traded down 4.3% on Thursday . The company traded as low as A$0.22 ($0.16) and last traded at A$0.22 ($0.16), 466,579 shares traded hands during mid-day trading. The stock had previously closed at A$0.23 ($0.16).

The company has a current ratio of 1.51, a quick ratio of 1.07 and a debt-to-equity ratio of 19.04. The company has a market capitalization of $74.69 million and a price-to-earnings ratio of -73.33. The firm’s fifty day moving average is A$0.22.

In related news, insider Terence Gray purchased 162,684 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of A$0.20 ($0.14) per share, with a total value of A$32,048.75 ($22,729.61).

Spirit Telecom Company Profile (ASX:ST1)

Spirit Telecom Limited provides telecommunication and high speed Internet services to commercial and residential customers in Australia. It offers Internet services for apartments, connected communities, and students. The company also provides business data services, including fiber broadband, mid-band Ethernet, fixed wireless Ethernet, fully managed MPLS VPN, and business IP phone training services; and business voice services comprising cloud hosted PBX, office phones relocation, and audio teleconferencing services, as well as phone names.

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