AMP (ASX:AMP) Stock Price Crosses Below Two Hundred Day Moving Average of $2.13
Shares of AMP Limited (ASX:AMP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.13 and traded as low as $1.82. AMP shares last traded at $1.86, with a volume of 14,218,321 shares changing hands.
The company has a market capitalization of $5.48 billion and a price-to-earnings ratio of -2.29. The firm has a 50-day moving average price of A$1.85 and a 200-day moving average price of A$2.13. The company has a current ratio of 7.87, a quick ratio of 7.71 and a debt-to-equity ratio of 507.21.
In related news, insider Andrea Slattery bought 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of A$1.80 ($1.28) per share, for a total transaction of A$39,600.00 ($28,085.11). Also, insider Francesco Ferrari 587,328 shares of the company’s stock in a transaction on Tuesday, August 13th.
AMP Limited operates as a wealth management company in Australia and internationally. The company operates through Australian Wealth Management, AMP Capital, AMP Bank, and New Zealand Wealth Management segments. It offers financial advice services; platform and software administration services; and unit linked personal and employer sponsored plans with insurance, retirement income, and managed investment products.
Further Reading: What is the G-20?
Receive News & Ratings for AMP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMP and related companies with MarketBeat.com's FREE daily email newsletter.