Austin Engineering (ASX:ANG) Insider Acquires A$101,400.00 in Stock

Austin Engineering Limited (ASX:ANG) insider Sybrandt van Dyk bought 520,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average price of A$0.20 per share, with a total value of A$101,400.00.

Austin Engineering Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.39 and a debt-to-equity ratio of 45.71. The company has a market capitalization of $124.49 million, a P/E ratio of 7.00, a price-to-earnings-growth ratio of -7.53 and a beta of 0.23.

Austin Engineering Announces Dividend

The company also recently disclosed a Interim dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, April 9th will be issued a $0.003 dividend. This represents a dividend yield of 150.0%. The ex-dividend date is Sunday, March 15th. Austin Engineering’s payout ratio is currently 30.00%.

About Austin Engineering

Austin Engineering Limited, together with its subsidiaries, manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors. It offers excavator, face shovel, front end loader, and stemming buckets; rope shovel dippers; and wear liner kits for mining applications, including hard rock, iron ore, and coal. The company also provides surface mining dump truck bodies; underground dump bodies; tyre handlers for surface and underground equipment; and ancillary equipment, such as live and shovel line cable reels, loader mounted cable reels, cable handlers, fork frames, crane jibs, quick couplers, man cages, and other products for mining applications.