Nine Entertainment (ASX:NEC) Shares Cross Below 50-Day Moving Average of $1.92

Nine Entertainment Co Holdings Ltd (ASX:NEC) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.92 and traded as low as $1.82. Nine Entertainment shares last traded at $1.84, with a volume of 6,498,774 shares changing hands.

The stock has a 50-day moving average of A$1.92 and a 200 day moving average of A$1.87. The stock has a market cap of $3.17 billion and a PE ratio of 10.69. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 18.46.

The company also recently announced a Final dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, October 17th will be given a $0.05 dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 2.58%. Nine Entertainment’s dividend payout ratio is currently 57.47%.

In related news, insider Hugh Marks 1,372,549 shares of the company’s stock in a transaction dated Friday, September 6th.

About Nine Entertainment (ASX:NEC)

Nine Entertainment Co Holdings Limited engages in television broadcasting and program production businesses in Australia. It operates through Television and Digital segments. The company is involved in the creation and distribution of content; and digital, Internet, subscription video, and other media activities, as well as free to air television activities.

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