Carl Zeiss Meditec (ETR:AFX) Shares Down 0.5% – Here’s What Happened

Carl Zeiss Meditec AG (ETR:AFX) shares fell 0.5% during trading on Monday . The stock traded as low as €23.80 and last traded at €24.32. 221,957 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 94,405 shares. The stock had previously closed at €24.45.

Carl Zeiss Meditec Price Performance

The business’s fifty day simple moving average is €26.46 and its 200-day simple moving average is €37.13. The company has a current ratio of 2.35, a quick ratio of 2.47 and a debt-to-equity ratio of 28.70. The firm has a market cap of $2.25 billion, a P/E ratio of 12.93, a PEG ratio of 2.83 and a beta of 1.41.

About Carl Zeiss Meditec

Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia. It operates in two segments, Ophthalmology and Microsurgery. The Ophthalmology segment offers products and solutions for the diagnosis and treatment of chronic eye diseases, such as ametropia (refraction), cataracts, glaucoma, and renital disorders. This segment also provides devices for general ophthalmological examination and care, including slit lamps, refractometers, tonometers, optical coherence tomography devices, and fundus cameras; and devices for functional diagnostics (perimeters), as well as digital products for storage, evaluation, and sharing of clinical data.