Takkt (ETR:TTK) Shares Down 6.7% – Here’s Why

Takkt Ag (ETR:TTK) shares traded down 6.7% during mid-day trading on Monday . The stock traded as low as €2.98 and last traded at €2.98. 20,723 shares were traded during trading, a decline of 70% from the average daily volume of 67,952 shares. The stock had previously closed at €3.20.

Takkt Stock Down 2.1%

The company has a current ratio of 1.14, a quick ratio of 0.77 and a debt-to-equity ratio of 41.24. The stock has a 50 day simple moving average of €2.69 and a 200 day simple moving average of €2.57. The firm has a market capitalization of $194.61 million, a PE ratio of -82.33, a PEG ratio of -30.58 and a beta of 0.78.

Takkt Company Profile

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, the rest of Europe, and the United States, and internationally. The company operates in three segments: Industrial & Packaging, Office Furniture & Displays, and FoodService. The Industrial & Packaging segment offers pallet lifting trucks and swivel chairs; special-purpose products, including environmental cabinets and containers for hazardous materials, as well as collapsible boxes, package paddings, shipping pallets, and stretch films under the kaiserkraft name; shipping packaging products under the ratioform brand; and a wide range of office furniture and business equipment under the BiGDUG and OfficeFurnitureOnline names.