Albertsons Companies Inc (NYSE:ACI) shares traded 5.26% higher at $20.80 on Wall Street last session.
ACI stock price is now 2.83% away from the 50-day moving average and 5.94% away from the 200-day moving average. The market capitalization of the company currently stands at $12.05B.
, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Larson Robert Bruce, SVP & Chief Accounting Officer sold 24,362 shares of the company’s stock on May 01 ’24. The stock was sold for $493,087 at an average price of $20.24. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 50,241 shares in the company, valued at $1.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Chief Tech &Transformation Off DHANDA ANUJ sold 100,000 shares of the business’s stock. A total of $2,035,000 was realized by selling the stock at an average price of $20.35. This leaves the insider owning 365,297 shares of the company worth $7.6 million. A total of 27.68% of the company’s stock is owned by insiders.
During the past 12 months, Albertsons Companies Inc has had a low of $17.00 and a high of $21.67. As of last week, the company has a debt-to-equity ratio of 4.22, a current ratio of 0.93, and a quick ratio of 0.21.
The net profit margin was 1.30% and return on equity was 35.20% for ACI. The company reported revenue of $18.77 billion for the quarter, compared to $18.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.17 percent.
