Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX:SCP) shares hit a new 52-week high on Monday . The company traded as high as A$2.75 ($1.95) and last traded at A$2.74 ($1.94), with a volume of 1542079 shares changing hands. The stock had previously closed at A$2.68 ($1.90).
The company has a market cap of $2.55 billion and a price-to-earnings ratio of 21.75. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 54.61. The business has a fifty day moving average price of A$2.61 and a two-hundred day moving average price of A$2.56.
In other Shopping Cntrs Austrls Prprty Gp Re news, insider Anthony Mellowes 541,501 shares of Shopping Cntrs Austrls Prprty Gp Re stock in a transaction on Thursday, August 8th. Also, insider Mark Fleming sold 68,289 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of A$2.58 ($1.83), for a total value of A$176,185.62 ($124,954.34). Insiders sold a total of 487,544 shares of company stock worth $1,250,278 in the last quarter.
SCA Property Group (SCP) includes two internally managed real estate investment trusts owning a portfolio of quality neighbourhood and sub-regional shopping centres located across Australia. The SCA Property Group invests in shopping centres predominantly anchored by non-discretionary retailers, with long term leases to tenants such as Woolworths Limited, Coles Group Limited and companies in the Wesfarmers Limited group.
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