Boom Logistics (ASX:BOL) Shares Pass Below 200 Day Moving Average of $0.16

Shares of Boom Logistics Limited (ASX:BOL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.16 and traded as low as $0.17. Boom Logistics shares last traded at $0.17, with a volume of 502,506 shares traded.

The company has a debt-to-equity ratio of 28.29, a current ratio of 1.48 and a quick ratio of 1.31. The stock’s 50-day simple moving average is A$0.16 and its 200 day simple moving average is A$0.16. The stock has a market capitalization of $73.88 million and a P/E ratio of -13.75.

Boom Logistics Company Profile (ASX:BOL)

Boom Logistics Limited provides crane logistics and lifting solutions to resource, energy, utility, and infrastructure sectors in Australia. The company operates through two segments, Lifting Solutions and Labour Hire. It offers mobile and crawler cranes for wet and dry hire with short term or long term hire facilities; tailored elevated work platform (EWP) solutions with a fleet of travel towers and access equipment, and associated services; and project management services.

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