Gale Pacific (ASX:GAP) Shares Down 3.7%

Gale Pacific Limited (ASX:GAP) dropped 3.7% during mid-day trading on Monday . The stock traded as low as A$0.26 ($0.18) and last traded at A$0.26 ($0.18), approximately 191,353 shares traded hands during mid-day trading. The stock had previously closed at A$0.27 ($0.19).

The stock has a market cap of $74.37 million and a P/E ratio of 8.44. The company has a debt-to-equity ratio of 45.18, a current ratio of 2.23 and a quick ratio of 1.22. The firm’s 50 day moving average price is A$0.26 and its 200-day moving average price is A$0.30.

Gale Pacific Company Profile (ASX:GAP)

Gale Pacific Limited, together with its subsidiaries, manufactures, markets, and distributes screening, shading, and home improvement products for domestic, commercial, and industrial applications primarily in Australasia, China, the Americas, the Middle East, North Africa, and internationally. The company offers fabrics for agricultural, architectural, industrial, horticultural, mining, and construction applications under the GALE Pacific brand name; and mining and outdoor leisure and garden products, such as shade fabrics, exterior window shades, gazebos, umbrellas, shade sails, synthetic grass, weed mats, and bird net products for crop protection, irrigation, water storage, and screening applications under the Coolaroo brand name.

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