Simon Moore Sells 500,000 Shares of Megaport Ltd (ASX:MP1) Stock

Megaport Ltd (ASX:MP1) insider Simon Moore sold 500,000 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of A$6.10 ($4.33), for a total transaction of A$3,050,000.00 ($2,163,120.57).

MP1 stock opened at A$6.34 ($4.50) on Thursday. The company has a market capitalization of $854.02 million and a PE ratio of -25.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.59 and a quick ratio of 3.41. Megaport Ltd has a 12 month low of A$3.03 ($2.15) and a 12 month high of A$6.68 ($4.74). The business has a 50-day moving average of A$5.80.

About Megaport

Megaport Limited provides elastic interconnection services to the enterprises and service providers in Australia, the Asia-Pacific, North America, and Europe. The company operates a platform that enables customers to connect their network to other services. It also offers Internet exchange services. Megaport Limited has partnership with the Orixcom to enable enterprises and carriers with direct access to managed service providers and cloud service providers.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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