Mainstream Group Holdings Ltd (ASX:MAI)’s share price was down 100% during trading on Wednesday . The stock traded as low as A$0.37 ($0.26) and last traded at A$0.37 ($0.26), approximately 177,488 shares were traded during trading. The stock had previously closed at A$58,412.00 ($41,426.95).
The company has a debt-to-equity ratio of 35.79, a quick ratio of 2.02 and a current ratio of 2.22. The stock has a market capitalization of $48.12 million and a P/E ratio of -24.33. The firm has a 50-day moving average price of A$0.42 and a 200 day moving average price of A$0.51.
In related news, insider Byram Johnston sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of A$0.57 ($0.40), for a total transaction of A$285,000.00 ($202,127.66).
Mainstream Group Holdings Limited provides fund administration services for the financial services industry in the Asia Pacific, Americas, and Europe. Its fund administration services include middle office, investment administration, fund accounting, unit registry, and company secretarial services to various investment and fund managers.
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