Megaport (ASX:MP1) Reaches New 12-Month High at $11.73

Megaport Ltd (ASX:MP1) reached a new 52-week high during trading on Thursday . The company traded as high as A$11.73 ($8.32) and last traded at A$11.73 ($8.32), with a volume of 1747248 shares trading hands. The stock had previously closed at A$10.80 ($7.66).

The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of -43.25. The company has a debt-to-equity ratio of 10.77, a quick ratio of 6.47 and a current ratio of 6.68. The business has a 50 day moving average price of A$10.90 and a 200-day moving average price of A$9.18.

About Megaport (ASX:MP1)

Megaport Limited provides elastic interconnection services to the enterprises and service providers in Australia, the Asia-Pacific, North America, and Europe. The company operates a platform that enables customers to connect their network to other services. It also offers Internet exchange services. Megaport Limited has partnership with the Orixcom to enable enterprises and carriers with direct access to managed service providers and cloud service providers.

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