Nine Entertainment (ASX:NEC) Share Price Passes Below Fifty Day Moving Average of $1.89

Nine Entertainment Co Holdings Ltd (ASX:NEC) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.89 and traded as low as $1.86. Nine Entertainment shares last traded at $1.87, with a volume of 2,826,384 shares traded.

The firm has a market cap of $3.19 billion and a price-to-earnings ratio of 10.75. The business’s 50 day moving average price is A$1.89 and its 200 day moving average price is A$1.87. The company has a debt-to-equity ratio of 18.46, a quick ratio of 0.77 and a current ratio of 1.25.

In other news, insider Mickie Rosen acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of A$1.75 ($1.24) per share, with a total value of A$35,000.00 ($24,822.70).

About Nine Entertainment (ASX:NEC)

Nine Entertainment Co Holdings Limited engages in television broadcasting and program production businesses in Australia. It operates through Television and Digital segments. The company is involved in the creation and distribution of content; and digital, Internet, subscription video, and other media activities, as well as free to air television activities.

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