Qantas Airways (ASX:QAN) Hits New 12-Month High at $6.87

Qantas Airways Limited (ASX:QAN)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as A$6.87 ($4.87) and last traded at A$6.83 ($4.84), with a volume of 9883349 shares traded. The stock had previously closed at A$6.71 ($4.76).

The company has a market capitalization of $10.92 billion and a price-to-earnings ratio of 12.78. The company has a 50-day moving average price of A$6.44 and a 200-day moving average price of A$5.85. The company has a debt-to-equity ratio of 152.04, a quick ratio of 0.38 and a current ratio of 0.49.

In related news, insider Alan Joyce bought 97,768 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of A$6.11 ($4.33) per share, for a total transaction of A$597,362.48 ($423,661.33).

Qantas Airways Company Profile (ASX:QAN)

Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally. The company also offers air cargo and express freight services; and customer loyalty programs. As of June 30, 2018, it operated a fleet of 313 aircraft. The company was founded in 1920 and is headquartered in Mascot, Australia.

Further Reading: Support Level

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