Alliance Aviation Services (ASX:AQZ) Shares Down 0.8%
Alliance Aviation Services Ltd (ASX:AQZ)’s share price dropped 0.8% on Thursday . The stock traded as low as A$2.46 ($1.74) and last traded at A$2.48 ($1.76), approximately 63,737 shares traded hands during mid-day trading. The stock had previously closed at A$2.50 ($1.77).
The company has a debt-to-equity ratio of 48.82, a current ratio of 1.51 and a quick ratio of 0.73. The firm has a market cap of $316.13 million and a price-to-earnings ratio of 13.19. The company has a fifty day moving average price of A$2.61 and a two-hundred day moving average price of A$2.55.
The company also recently disclosed a Interim dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 21st will be issued a $0.073 dividend. This is a positive change from Alliance Aviation Services’s previous Interim dividend of $0.07. The ex-dividend date is Monday, March 16th. This represents a dividend yield of 2.82%. Alliance Aviation Services’s dividend payout ratio is 85.11%.
Alliance Aviation Services Limited, an air charter operator, provides aviation services to the tourism, resources, education, government, corporate, sporting, and entertainment sectors in Australia and internationally. It also provides specialized aviation services to other airlines and clients, which include aircraft wet leasing, airport management, aircraft trading, parts sales, and engine leasing.
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