Macmahon (ASX:MAH) Stock Price Passes Below 50 Day Moving Average of $0.18

Macmahon Holdings Limited (ASX:MAH)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.18 and traded as low as $0.16. Macmahon shares last traded at $0.17, with a volume of 699,537 shares changing hands.

The company has a market capitalization of $355.57 million and a PE ratio of 7.50. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 37.38. The firm’s 50-day simple moving average is A$0.18 and its 200-day simple moving average is A$0.21.

In other news, insider Eva Skira 205,585 shares of the business’s stock in a transaction dated Friday, August 2nd.

Macmahon Company Profile (ASX:MAH)

Macmahon Holdings Limited provides mining services to clients in Australia and Southeast Asia. It offers surface mining services, including mine planning and analysis, mine management, drill and blast, bulk and selective mining, crushing and screening, fixed plant maintenance, water management, and equipment operation and maintenance.

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