Bechtle (ETR:BC8) Shares Down 4% – Here’s Why

Shares of Bechtle AG (ETR:BC8) traded down 4% on Friday . The stock traded as low as €29.10 and last traded at €29.16. 248,633 shares traded hands during trading, an increase of 358% from the average session volume of 54,276 shares. The stock had previously closed at €30.36.

Bechtle Price Performance

The company has a market capitalization of $3.76 billion, a PE ratio of 15.01, a PEG ratio of 2.88 and a beta of 0.80. The firm has a fifty day moving average of €30.85 and a two-hundred day moving average of €37.01. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 35.27.

Bechtle Company Profile

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation. The IT E-Commerce segment provides hardware and software products, and peripherals and accessories through a web shop.