Pact Group (ASX:PGH) Shares Cross Below 50-Day Moving Average of $2.68

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Pact Group Holdings Ltd (ASX:PGH) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.68 and traded as low as $2.38. Pact Group shares last traded at $2.39, with a volume of 782,037 shares traded.

The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 369.63. The stock has a market cap of $822.15 million and a P/E ratio of 12.71. The stock has a fifty day simple moving average of A$2.68 and a 200-day simple moving average of A$2.58.

In related news, insider Carmen Chua bought 15,000 shares of Pact Group stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of A$2.72 ($1.93) per share, for a total transaction of A$40,800.00 ($28,936.17).

Pact Group Company Profile (ASX:PGH)

Pact Group Holdings Ltd manufactures and supplies rigid plastic and metal packaging in Australia, New Zealand, China, Indonesia, the Philippines, Singapore, Thailand, Hong Kong, South Korea, Nepal, and India. The company operates in two segments, Pact Australia and Pact International. It primarily converts plastic resin and steel into packaging and related products for customers in the food, dairy, beverage, chemical, agricultural, industrial, and other sectors.

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