OHB (ETR:OHB) Stock Jumps 10.6% – Here’s What Happened

Shares of OHB SE (ETR:OHB) shot up 10.6% on Thursday. The company traded as high as €260.00 and last traded at €260.00. 39,755 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 28,740 shares. The stock had previously closed at €235.00.

OHB Price Performance

The company has a debt-to-equity ratio of 41.36, a quick ratio of 1.12 and a current ratio of 1.84. The company has a 50-day moving average price of €187.15 and a 200-day moving average price of €264.65. The firm has a market capitalization of $4.45 billion, a P/E ratio of 63.84, a price-to-earnings-growth ratio of 1.13 and a beta of 0.86.

About OHB

OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through three segments, Space Systems, Aerospace, and Digital segments. The Space Systems segment focuses on developing and executing space projects. This segment primarily develops and manufactures low-orbiting and geostationary small satellites for navigation, research, communications, and earth and weather observation and reconnaissance, including scientific payloads; undertakes projects for the assembly and outfitting of the International Space Station; and prepares studies and models for exploring solar system, such as the moon, asteroids, and Mars.