Tabcorp (ASX:TAH) Stock Price Passes Above 200-Day Moving Average of $4.64

Tabcorp Holdings Limited (ASX:TAH)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.64 and traded as high as $4.91. Tabcorp shares last traded at $4.91, with a volume of 4,335,364 shares traded.

The stock has a market cap of $9.91 billion and a P/E ratio of 27.43. The firm’s fifty day moving average price is A$4.59 and its two-hundred day moving average price is A$4.64. The company has a debt-to-equity ratio of 53.23, a current ratio of 0.48 and a quick ratio of 0.39.

The company also recently declared a Final dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 20th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a dividend yield of 2.47%. Tabcorp’s payout ratio is currently 122.91%.

In other news, insider Bruce Akhurst purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of A$4.36 ($3.09) per share, with a total value of A$87,200.00 ($61,843.97). Also, insider Paula Dwyer purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of A$4.84 ($3.43) per share, for a total transaction of A$121,025.00 ($85,833.33). In the last ninety days, insiders bought 70,000 shares of company stock worth $317,475.

Tabcorp Company Profile (ASX:TAH)

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. The company operates in four segments: Wagering and Media, Lotteries and Keno, Gaming Services, and Sun Bets. The Wagering and Media segment is involved in the provision of totalizator and fixed odds betting products on racing, sporting, and other events; and operating a network of TAB and UBET agencies, hotels and clubs, and on-course operations.

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