Reckon (ASX:RKN) Stock Price Down 1.4%

Shares of Reckon Limited (ASX:RKN) fell 1.4% during mid-day trading on Monday . The company traded as low as A$0.69 ($0.49) and last traded at A$0.69 ($0.49), 3,619 shares changed hands during trading. A decline of 95% from the average session volume of 77,603 shares. The stock had previously closed at A$0.70 ($0.50).

The company has a debt-to-equity ratio of 218.43, a current ratio of 0.90 and a quick ratio of 0.55. The stock’s fifty day simple moving average is A$0.70 and its 200-day simple moving average is A$0.66. The company has a market capitalization of $79.31 million and a P/E ratio of 10.14.

The company also recently declared a Interim dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.03 per share. This represents a yield of 3.92%. The ex-dividend date of this dividend was Tuesday, August 27th. Reckon’s dividend payout ratio (DPR) is 86.96%.

Reckon Company Profile (ASX:RKN)

Reckon Limited provides software solutions for small and medium businesses, larger businesses, accountants, bookkeepers, and lawyers in Australia, the United States, and others. It operates through Business Group, Legal Practice Management Group, and Accountant Practice Management Group segments. The Business Group segment engages in the development, distribution, and support of business accounting and personal wealth management software products, which include Reckon One and Reckon Accounts Hosted cloud software products, Reckon Accounts Business, and Reckon Accounts Personal.

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