Grenke (ETR:GLJ) Trading Down 2.1% – Here’s What Happened

Grenke AG (ETR:GLJ) shares dropped 2.1% on Wednesday . The stock traded as low as €25.45 ($27.66) and last traded at €25.60 ($27.83). Approximately 55,065 shares traded hands during mid-day trading, The stock had previously closed at €26.15 ($28.42).

Grenke Stock Down 5.9 %

The company has a quick ratio of 2.26, a current ratio of 2.22 and a debt-to-equity ratio of 298.32. The business has a 50-day simple moving average of €24.65 and a 200-day simple moving average of €23.96. The stock has a market cap of $830.46 million, a P/E ratio of 9.87, a PEG ratio of 0.75 and a beta of 1.51.

About Grenke

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.