5G Networks Limited (ASX:5GN) Insider Sells A$5,000,000.40 in Stock

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5G Networks Limited (ASX:5GN) insider Joseph Demase sold 2,777,778 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of A$1.80 ($1.29), for a total transaction of A$5,000,000.40 ($3,571,428.86).

The stock’s 50-day moving average is A$0.88 and its 200-day moving average is A$0.85. The company has a debt-to-equity ratio of 48.33, a quick ratio of 1.53 and a current ratio of 1.67.

The business also recently declared a Final dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 16th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a dividend yield of 0.55%. 5G Networks’s dividend payout ratio (DPR) is presently -43.48%.

5G Networks Company Profile

5G Networks Limited provides high speed network and the cloud infrastructure services in Australia. It offers various services, including integrated fiber and wireless network, cloud infrastructure, high speed unlimited Internet access, wholesale cloud, redundancy, virtual private network, business phone systems, managed services, and consulting services.

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