Grenke (ETR:GLJ) Stock Price Down 2.2% – Here’s Why

by · The Cerbat Gem

Shares of Grenke AG (ETR:GLJ – Get Free Report) traded down 2.2% on Monday . The company traded as low as €14.34 and last traded at €14.40. 62,148 shares changed hands during trading, The stock had previously closed at €14.72.

Grenke Stock Down 2.2%

The firm has a 50-day simple moving average of €15.19 and a 200 day simple moving average of €16.00. The stock has a market capitalization of $643.30 million, a P/E ratio of 7.82, a P/E/G ratio of 0.75 and a beta of 1.51. The company has a debt-to-equity ratio of 347.44, a current ratio of 1.19 and a quick ratio of 2.26.

About Grenke

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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.

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