Megaport Ltd (MP1) Insider Sells A$16,863,000.00 in Stock

Megaport Ltd (ASX:MP1) insider Bevan Slattery sold 3,300,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of A$5.11 ($3.62), for a total value of A$16,863,000.00 ($11,959,574.47).

Bevan Slattery also recently made the following trade(s):

  • On Thursday, March 14th, Bevan Slattery sold 5,000,000 shares of Megaport stock. The stock was sold at an average price of A$4.00 ($2.84), for a total value of A$20,000,000.00 ($14,184,397.16).

Shares of MP1 traded up A$0.21 ($0.15) during mid-day trading on Friday, hitting A$5.66 ($4.01). The company’s stock had a trading volume of 349,765 shares. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.59 and a quick ratio of 3.41. The stock has a market capitalization of $760.50 million and a P/E ratio of -23.20. Megaport Ltd has a 1-year low of A$3.03 ($2.15) and a 1-year high of A$5.84 ($4.14).

WARNING: This article was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.themarketsdaily.com/2019/05/24/megaport-ltd-mp1-insider-sells-a16863000-00-in-stock.html.

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.

Featured Article: What is the significance of a dead cat bounce?

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