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HEARTWARE WEAKENS BELOW MOVING AVERAGE PRICE

468 words

11 August 2006

Australian Company News Bites - Stock Report

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AUSTRALIAN COMPANY NEWS BITES

STOCK REPORT

Heartware (ASX: HTW) has dropped below its trend. The 200-day moving average price (MAP) was 93c and the price to MAP ratio was 0.9. The stock lost 3c (3.5%) to 83c on Friday August 11.

Compared with the All Ordinaries Index which fell 5.3 points (or 0.11%) on the day, this represented a relative price change of -3.4%.

PRICE-VOLUME DYNAMICS

The stock traded between a low of 83c and a high of 83.5c. In the Australian market of 1,870 stocks it had 6-month relative strength percentile rank of 27.5. There were 25,434 shares worth $21,160 traded compared with its average daily trading value of $154,601. The volume was 0.138 times normal trading of 184,521, the closing price was at a discount of 42.6% to the 12-month high and a premium of 107.5% to the 12-month low. The turnover rate in the 12 months to date was 46.6% (or a turnover period of 2 years, 2 months).

FINANCIALS

In the year to December 30, 2005 net loss was $14.68 million.

ISSUED CAPITAL

Based on 99,038,876 issued shares the market capitalisation is $82.2 million.

The top 20 shareholders hold 78% of the shares.