Reckon (ASX:RKN) Stock Price Crosses Below Two Hundred Day Moving Average of $0.00

Reckon Limited (ASX:RKN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $0.53. Reckon shares last traded at $0.56, with a volume of 82,171 shares changing hands.

The business’s 50 day moving average price is A$0.60. The company has a current ratio of 1.08, a quick ratio of 0.66 and a debt-to-equity ratio of 288.45. The company has a market capitalization of $63.24 million and a PE ratio of 8.24.

Reckon Company Profile (ASX:RKN)

Reckon Limited provides software solutions for small and medium businesses, larger businesses, accountants, bookkeepers, and lawyers in Australia, the United States, and others. It operates through Business Group, Legal Practice Management Group, and Accountant Practice Management Group segments. The Business Group segment engages in the development, distribution, and support of business accounting and personal wealth management software products, which include Reckon One and Reckon Accounts Hosted cloud software products, Reckon Accounts Business, and Reckon Accounts Personal.

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