Grenke (ETR:GLJ) Shares Down 1.8% – Here’s What Happened

Shares of Grenke AG (ETR:GLJ) were down 1.8% on Thursday . The company traded as low as €11.70 and last traded at €11.88. Approximately 197,962 shares were traded during mid-day trading, The stock had previously closed at €12.10.

Grenke Stock Performance

The company has a quick ratio of 2.25, a current ratio of 3.16 and a debt-to-equity ratio of 668.67. The stock has a market capitalization of $527.15 million, a PE ratio of 6.41, a PEG ratio of 0.75 and a beta of 1.37. The firm has a 50 day moving average price of €12.66 and a 200-day moving average price of €13.78.

Grenke Company Profile

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.