Insider Selling: Reckon Limited (ASX:RKN) Insider Sells 1,000,000 Shares of Stock

Reckon Limited (ASX:RKN) insider Clive Rabie sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of A$0.52 ($0.32), for a total transaction of A$517,000.00 ($321,118.01).

Reckon Stock Performance

The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.20 and a current ratio of 0.37. The stock has a market capitalization of $58.91 million, a PE ratio of 12.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.15.

About Reckon

Reckon Limited provides software solutions in Australia, the United States, and internationally. It offers Reckon One, software as a service cloud-based accounting and payroll software platform, which includes mobile app functionality for small businesses; Reckon Payroll, a cloud payroll software for employee self-service; Reckon invoice to create and send online invoices; Reckon business loans; Reckon Accounts Hosted, an online accounting software for large businesses; Reckon Insights, a financial reporting and analytics software; and Reckon Payments that accepts online payments.