Carindale Property Trust (ASX:CDP) Stock Price Down 0.8%

Shares of Carindale Property Trust (ASX:CDP) dropped 0.8% during mid-day trading on Monday . The company traded as low as A$5.95 ($4.22) and last traded at A$5.95 ($4.22), approximately 4,965 shares changed hands during trading. The stock had previously closed at A$6.00 ($4.26).

The company has a market capitalization of $416.50 million and a price-to-earnings ratio of 21.88. The company has a quick ratio of 0.08, a current ratio of 0.09 and a debt-to-equity ratio of 46.54. The company has a 50 day simple moving average of A$6.06 and a 200 day simple moving average of A$6.57.

About Carindale Property Trust (ASX:CDP)

Carindale Property Trust (ASX Code: CDP) was listed on the Australian Stock Exchange in 1996.The Trust's sole investment is a 50% interest in Westfield Carindale, one of Brisbane's largest regional shopping centre at approximately 136,609 square metres. Westfield Carindale currently generates annual sales of $896.5 million through its two department stores, two discount department stores, three supermarkets and more than 400 specialty retailers.The Trust is managed by Scentre Management Limited, a member of the Scentre Group.

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