Shopping Cntrs Austrls Prprty Gp Re (ASX:SCP) Sets New 1-Year High at $2.75

Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX:SCP) hit a new 52-week high on Monday . The company traded as high as A$2.75 ($1.95) and last traded at A$2.74 ($1.94), with a volume of 1542079 shares changing hands. The stock had previously closed at A$2.68 ($1.90).

The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 54.61. The firm has a market capitalization of $2.55 billion and a P/E ratio of 21.75. The stock has a 50-day simple moving average of A$2.62 and a two-hundred day simple moving average of A$2.57.

In related news, insider Anthony Mellowes sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of A$2.56 ($1.82), for a total value of A$1,024,800.00 ($726,808.51). Also, insider Mark Fleming sold 19,255 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of A$2.56 ($1.82), for a total transaction of A$49,292.80 ($34,959.43). In the last 90 days, insiders sold 487,544 shares of company stock valued at $1,250,278.

About Shopping Cntrs Austrls Prprty Gp Re (ASX:SCP)

SCA Property Group (SCP) includes two internally managed real estate investment trusts owning a portfolio of quality neighbourhood and sub-regional shopping centres located across Australia. The SCA Property Group invests in shopping centres predominantly anchored by non-discretionary retailers, with long term leases to tenants such as Woolworths Limited, Coles Group Limited and companies in the Wesfarmers Limited group.

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