Service Stream (ASX:SSM) Trading Up 1.9%

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Service Stream Limited (ASX:SSM)’s share price was up 1.9% on Thursday . The stock traded as high as A$2.67 ($1.89) and last traded at A$2.65 ($1.88), approximately 4,046,009 shares changed hands during trading. The stock had previously closed at A$2.60 ($1.84).

The company has a market capitalization of $1.06 billion and a PE ratio of 20.54. The company’s fifty day moving average is A$2.82 and its 200-day moving average is A$2.49. The company has a debt-to-equity ratio of 19.59, a current ratio of 1.25 and a quick ratio of 1.17.

The firm also recently disclosed a Final dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.055 per share. This represents a yield of 1.96%. The ex-dividend date is Tuesday, September 17th. Service Stream’s payout ratio is 69.77%.

In other Service Stream news, insider Leigh Mackender acquired 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of A$2.76 ($1.96) per share, with a total value of A$2,760,000.00 ($1,957,446.81).

About Service Stream (ASX:SSM)

Service Stream Limited accesses, designs, builds, installs, and maintains networks in Australia. It operates through Fixed Communications, Network Construction, and Energy & Water segments. The Fixed Communications segment offers a range of operations and maintenance, and other works services, including customer connections and service assurance, as well as asset remediation, augmentation, and relocation to the owners of fixed-line telecommunication networks.

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