Technology One (ASX:TNE) Stock Crosses Above 50-Day Moving Average of $7.31

Technology One Limited (ASX:TNE) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.31 and traded as high as $7.24. Technology One shares last traded at $7.12, with a volume of 731,122 shares trading hands.

The company has a 50 day simple moving average of A$7.31 and a 200-day simple moving average of A$7.83. The stock has a market cap of $2.27 billion and a price-to-earnings ratio of 37.19. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 0.01.

Technology One Company Profile (ASX:TNE)

Technology One Limited researches, develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia, New Zealand, and internationally. It operates through Sales and Marketing, Consulting, Research & Development, and Cloud segments. The company offers various business solutions, including enterprise asset management, financials, human resource and payroll, enterprise budgeting, supply chain, property and rating, student management, business intelligence, enterprise content management, performance planning, spatial, enterprise cash receipting, stakeholder management, and business process management.

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