Klöckner & Co SE (ETR:KCO) Shares Up 0.5% – Should You Buy?

Shares of Klöckner & Co SE (ETR:KCO) shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as €11.08 and last traded at €11.06. 1,684,944 shares changed hands during trading, an increase of 181% from the average session volume of 600,641 shares. The stock had previously closed at €11.00.

Klöckner & Co SE Price Performance

The company has a market capitalization of $1.11 billion, a PE ratio of -4.19, a P/E/G ratio of -0.08 and a beta of 1.89. The stock has a 50-day simple moving average of €7.42 and a 200 day simple moving average of €6.44.

About Klöckner & Co SE

Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. The company operates through three segments: Kloeckner Metals US, Kloeckner Metals EU, and Kloeckner Metals Non-EU. It offers flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; and aluminum products for building installations, roof and wall construction, and water supply. The company also provides various services, including cutting and splitting of steel strips; forming and manufacturing of pressed parts; CNC turning/milling; 2D/3D tube laser cutting; laser and water jet cutting; structural steel processing; plasma and oxy-fuel cutting; shot blasting and primer painting; and sawing/drilling/rounding off.