Class Ltd (ASX:CL1)’s stock price shot up 4.4% on Tuesday . The company traded as high as A$2.15 ($1.52) and last traded at A$2.14 ($1.52), 292,680 shares traded hands during mid-day trading. The stock had previously closed at A$2.05 ($1.45).
The business’s 50-day simple moving average is A$1.71 and its two-hundred day simple moving average is A$1.55. The company has a market capitalization of $230.62 million and a PE ratio of 28.16.
In other news, insider Matthew Quinn acquired 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was bought at an average cost of A$1.21 ($0.86) per share, with a total value of A$48,480.00 ($34,382.98).
Class Limited develops and distributes cloud-based accounting, investment reporting, and administration software for accountants, administrators, and advisers in Australia. The company offers Class Super, a cloud based self-managed super fund (SMSF) administration software to streamline various aspects of SMSF administration.
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