GEA Group Aktiengesellschaft (OTCMKTS:GEAGY) Shares Pass Below 200-Day Moving Average of $40.59

GEA Group Aktiengesellschaft (OTCMKTS:GEAGYGet Rating)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.59 and traded as low as $39.92. GEA Group Aktiengesellschaft shares last traded at $40.59, with a volume of 2,200 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GEAGY shares. JPMorgan Chase & Co. upped their price target on shares of GEA Group Aktiengesellschaft from €31.00 ($31.63) to €33.40 ($34.08) and gave the company an “underweight” rating in a research note on Monday, November 7th. Morgan Stanley boosted their price objective on shares of GEA Group Aktiengesellschaft from €36.00 ($36.73) to €37.00 ($37.76) in a research report on Monday, November 7th. Barclays boosted their price objective on shares of GEA Group Aktiengesellschaft from €37.00 ($37.76) to €39.00 ($39.80) and gave the company an “overweight” rating in a research report on Monday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of GEA Group Aktiengesellschaft from €40.00 ($40.82) to €42.00 ($42.86) and gave the company a “hold” rating in a research report on Tuesday, November 15th. Finally, Royal Bank of Canada cut shares of GEA Group Aktiengesellschaft from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, October 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.85.

GEA Group Aktiengesellschaft Trading Up 4.1 %

The stock’s fifty day moving average price is $40.59 and its 200 day moving average price is $40.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.35 and a quick ratio of 0.97. The stock has a market capitalization of $7.33 billion, a P/E ratio of -34.99 and a beta of 1.16.

About GEA Group Aktiengesellschaft

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GEA Group Aktiengesellschaft engages in the development and production of systems and components for the food processing industry worldwide. It operates in two segments, Business Area Equipment and Business Area Solutions. The Business Area Equipment segment offers separators, valves, pumps, homogenizers, and refrigeration compressors, as well as process technology solutions for food processing and packaging applications; and dairy equipment, feeding systems, and slurry engineering solutions.

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