Grenke (ETR:GLJ) Reaches New 1-Year Low – Here’s Why

Grenke AG (ETR:GLJ) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as €15.82 ($16.65) and last traded at €16.56 ($17.43), with a volume of 178503 shares changing hands. The stock had previously closed at €16.14 ($16.99).

Grenke Stock Performance

The firm has a fifty day moving average of €21.96 and a 200-day moving average of €23.30. The company has a quick ratio of 2.26, a current ratio of 2.22 and a debt-to-equity ratio of 298.32. The firm has a market cap of $719.49 million, a P/E ratio of 8.55, a PEG ratio of 0.75 and a beta of 1.51.

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.