Takkt (ETR:TTK) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Takkt Ag (ETR:TTK)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of €10.09 ($10.97) and traded as low as €9.92 ($10.78). Takkt shares last traded at €10.14 ($11.02), with a volume of 34,019 shares changing hands.

Takkt Stock Up 0.6 %

The company has a quick ratio of 0.77, a current ratio of 1.45 and a debt-to-equity ratio of 27.48. The company has a market cap of $660.86 million, a PE ratio of 126.75, a PEG ratio of -30.58 and a beta of 1.11. The company’s fifty day moving average is €10.09 and its 200-day moving average is €11.36.

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.