Transurban Group (ASX:TCL) Hits New 52-Week Low at $9.93

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Transurban Group (ASX:TCL)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as A$9.93 ($7.04) and last traded at A$12.43 ($8.82), with a volume of 13595021 shares changing hands. The stock had previously closed at A$11.18 ($7.93).

The stock has a market capitalization of $34.87 billion and a price-to-earnings ratio of 148.37. The company has a debt-to-equity ratio of 208.56, a quick ratio of 0.48 and a current ratio of 0.48. The business’s 50 day simple moving average is A$14.85 and its 200-day simple moving average is A$15.02.

In other news, insider Louis Charlton sold 200,000 shares of Transurban Group stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of A$14.61 ($10.36), for a total value of A$2,922,000.00 ($2,072,340.43).

About Transurban Group (ASX:TCL)

Transurban Group develops, operates, manages, maintains, and finances urban toll road networks. It holds interest in 13 roads in Sydney, Melbourne, and Brisbane, Australia; and 2 roads in the Greater Washington area, the United States, as well as 1 in Montreal, Canada. The company is headquartered in Docklands, Australia.

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