Technology One (ASX:TNE) Share Price Crosses Above 50-Day Moving Average of $7.89

Shares of Technology One Limited (ASX:TNE) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.89 and traded as high as $7.75. Technology One shares last traded at $7.53, with a volume of 752,778 shares trading hands.

The firm’s 50-day moving average is A$7.90. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.39 billion and a P/E ratio of 39.22.

In other Technology One news, insider Kevin Blinco sold 60,000 shares of Technology One stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of A$8.08 ($5.73), for a total transaction of A$485,040.00 ($344,000.00). Also, insider Sharon Doyle bought 12,375 shares of the company’s stock in a transaction on Monday, June 24th. The shares were bought at an average price of A$8.11 ($5.75) per share, with a total value of A$100,398.38 ($71,204.52).

About Technology One (ASX:TNE)

Technology One Limited researches, develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia, New Zealand, and internationally. It operates through Sales and Marketing, Consulting, Research & Development, and Cloud segments. The company offers various business solutions, including enterprise asset management, financials, human resource and payroll, enterprise budgeting, supply chain, property and rating, student management, business intelligence, enterprise content management, performance planning, spatial, enterprise cash receipting, stakeholder management, and business process management.

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