Shares of Vicinity Centres (ASX:VCX) dropped 1.5% during trading on Friday . The stock traded as low as A$2.60 ($1.84) and last traded at A$2.61 ($1.85), approximately 7,512,948 shares were traded during trading. A decline of 38% from the average daily volume of 12,130,000 shares. The stock had previously closed at A$2.65 ($1.88).
The company has a debt-to-equity ratio of 42.18, a quick ratio of 0.10 and a current ratio of 0.15. The stock has a market capitalization of $9.82 billion and a price-to-earnings ratio of 29.00. The firm’s fifty day simple moving average is A$2.61 and its 200 day simple moving average is A$2.57.
In other news, insider Janette Kendall bought 11,956 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of A$2.49 ($1.77) per share, with a total value of A$29,770.44 ($21,113.79). Also, insider Grant Kelley 163,575 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th.
Vicinity Centres (Vicinity or the Group) is one of Australia's leading retail property groups with a fully integrated asset management platform and $26 billion in retail assets under management across 66 shopping centres, making it the second largest listed manager of Australian retail property.
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