Gerresheimer (ETR:GXI) Trading Up 1.4% – Here’s Why

Gerresheimer AG (ETR:GXI)’s stock price was up 1.4% during trading on Thursday . The stock traded as high as €75.95 ($81.67) and last traded at €75.40 ($81.08). Approximately 194,688 shares changed hands during trading, an increase of 38% from the average daily volume of 140,925 shares. The stock had previously closed at €74.35 ($79.95).

Gerresheimer Price Performance

The firm’s 50 day moving average is €75.29 and its 200 day moving average is €79.00. The firm has a market cap of $2.58 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 87.94, a current ratio of 0.80 and a quick ratio of 0.40.

About Gerresheimer

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.