Graincorp (ASX:GNC) Share Price Passes Below Fifty Day Moving Average of $8.34

Graincorp Ltd (ASX:GNC)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.34 and traded as low as $7.52. Graincorp shares last traded at $7.55, with a volume of 1,235,959 shares changing hands.

The company has a market cap of $1.74 billion and a price-to-earnings ratio of -71.21. The firm’s 50 day moving average price is A$8.33. The company has a debt-to-equity ratio of 109.47, a quick ratio of 0.58 and a current ratio of 1.47.

Graincorp Company Profile (ASX:GNC)

GrainCorp Limited operates as a food ingredients and agribusiness company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. The company operates in three segments: Grains, Malt, and Oils. The Grains segment receives, transports, tests, stores, and exports/imports grains comprising wheat, barley, canola, and sorghum, as well as other bulk commodities.

Further Reading: What is systematic risk?

Receive News & Ratings for Graincorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graincorp and related companies with MarketBeat.com's FREE daily email newsletter.