GEA Group (OTCMKTS:GEAGF) Trading Down 13.1% – Here’s Why

GEA Group AG (OTCMKTS:GEAGF)’s stock price was down 13.1% on Wednesday . The stock traded as low as $64.8440 and last traded at $64.8440. Approximately 140 shares were traded during trading, a decline of 84% from the average daily volume of 880 shares. The stock had previously closed at $74.65.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of GEA Group to a “strong-buy” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, GEA Group presently has an average rating of “Strong Buy”.

GEA Group Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.07 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $74.20 and a 200 day moving average price of $71.17. The stock has a market cap of $10.56 billion, a P/E ratio of 27.95 and a beta of 0.25.

GEA Group Company Profile

GEA Group AG is a Germany-based provider of process technology and engineering solutions for a wide range of industries, including food and beverage, pharmaceutical, chemical and petroleum. The company specializes in the design, manufacture and installation of equipment and systems that support processes such as heating, cooling, mixing, separation, evaporation and transportation of liquids and powders. Its product portfolio spans centrifuges, separators, heat exchangers, pasteurizers, homogenizers, filtration and membrane systems, as well as advanced automation and digitalization tools to optimize plant performance and ensure product safety.

With origins dating back to the late 19th century, GEA has evolved from a regional metal trading enterprise into a global technology group.