Imdex (ASX:IMD) Shares Cross Above 50 Day Moving Average of $1.38

Imdex Limited (ASX:IMD)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.38 and traded as high as $1.49. Imdex shares last traded at $1.47, with a volume of 3,402,066 shares trading hands.

The stock has a 50 day moving average of A$1.38 and a 200-day moving average of A$1.18. The company has a market capitalization of $556.87 million and a P/E ratio of 21.00. The company has a current ratio of 3.92, a quick ratio of 2.59 and a debt-to-equity ratio of 2.84.

The business also recently disclosed a Interim dividend, which will be paid on Friday, November 1st. Investors of record on Friday, November 1st will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, October 17th. This is an increase from Imdex’s previous Interim dividend of $0.01. This represents a dividend yield of 1.37%. Imdex’s payout ratio is 28.57%.

In other news, insider Bernard Ridgeway 1,722,130 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th.

About Imdex (ASX:IMD)

Imdex Limited provides mining equipment, technology, and services for the minerals industry in the Asia Pacific, Europe, the Middle East, Africa, the Americas, and internationally. The company develops, manufactures, sells, and rents drilling fluids, solids removal equipment, downhole instrumentation, and data management and analytical software for drilling optimization and geological modelling.

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