Reject Shop (ASX:TRS) Shares Cross Above 50-Day Moving Average of $2.32

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Shares of Reject Shop Ltd (ASX:TRS) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.32 and traded as high as $2.51. Reject Shop shares last traded at $2.34, with a volume of 211,442 shares changing hands.

The company has a debt-to-equity ratio of 15.56, a quick ratio of 0.34 and a current ratio of 1.71. The stock’s fifty day moving average price is A$2.32 and its 200-day moving average price is A$2.17. The company has a market capitalization of $64.75 million and a P/E ratio of -3.83.

In other news, insider Steven Fisher bought 25,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of A$1.89 ($1.34) per share, with a total value of A$47,250.00 ($33,510.64). Over the last ninety days, insiders bought 40,000 shares of company stock worth $75,550.

Reject Shop Company Profile (ASX:TRS)

The Reject Shop Limited operates in the discount variety retail sector in Australia. The company retails various general consumer merchandise, including toiletries, cosmetics, homewares, personal care products, hardware, basic furniture, household cleaning products, kitchenware, confectionery, and snack foods; and lifestyle and seasonal merchandise, such as seasonal gifts, cards and wrappings, toys, leisure items, and home decorations.

Further Reading: What are the components of an earnings report?

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