Adelaide Brighton (ASX:ABC) Share Price Crosses Above Fifty Day Moving Average of $4.01

Adelaide Brighton Ltd. (ASX:ABC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.01 and traded as high as $3.35. Adelaide Brighton shares last traded at $3.28, with a volume of 1,545,567 shares trading hands.

The company has a quick ratio of 1.77, a current ratio of 2.79 and a debt-to-equity ratio of 41.64. The company’s 50-day moving average is A$3.99. The firm has a market cap of $2.14 billion and a P/E ratio of 11.55.

About Adelaide Brighton (ASX:ABC)

Adelaide Brighton Limited produces, imports, distributes, and markets construction materials in Australia. The company operates in two segments, Cement, Lime, Concrete and Aggregates; and Concrete Products. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers.

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