Shares of Varta AG (ETR:VAR1 – Get Free Report) dropped 7.3% on Tuesday . The company traded as low as €3.50 ($3.80) and last traded at €3.52 ($3.83). Approximately 286,985 shares changed hands during trading, The stock had previously closed at €3.80 ($4.13).
Varta Trading Down 3.4 %
The business’s 50-day moving average is €2.22 and its two-hundred day moving average is €6.68. The company has a debt-to-equity ratio of 130.05, a quick ratio of 0.39 and a current ratio of 1.00. The stock has a market capitalization of $134.66 million, a PE ratio of -0.44 and a beta of 1.46.
About Varta
Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. It operates in five segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Other.
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