Qantas Airways Limited (ASX:QAN) dropped 1.1% during trading on Monday . The company traded as low as A$5.53 ($3.92) and last traded at A$5.54 ($3.93). Approximately 4,244,214 shares were traded during trading, a decline of 49% from the average daily volume of 8,300,000 shares. The stock had previously closed at A$5.60 ($3.97).
The company’s fifty day moving average is A$5.51. The company has a debt-to-equity ratio of 149.15, a quick ratio of 0.31 and a current ratio of 0.41. The stock has a market cap of $8.59 billion and a PE ratio of 10.63.
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Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally. The company also offers air cargo and express freight services; and customer loyalty programs. As of June 30, 2018, it operated a fleet of 313 aircraft. The company was founded in 1920 and is headquartered in Mascot, Australia.
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