Sybrandt van Dyk Acquires 520,000 Shares of Austin Engineering (ASX:ANG) Stock

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

Austin Engineering Stock Performance

The company has a debt-to-equity ratio of 45.71, a current ratio of 1.39 and a quick ratio of 0.90. The stock 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 Dividend Announcement

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