Gerresheimer (ETR:GXI) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

Gerresheimer AG (ETR:GXI)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of €27.04 and traded as low as €26.42. Gerresheimer shares last traded at €26.54, with a volume of 257,773 shares changing hands.

Gerresheimer Stock Performance

The stock has a market capitalization of $964.79 million, a P/E ratio of 8.44, a PEG ratio of 0.82 and a beta of 0.47. The stock’s 50-day simple moving average is €27.04 and its 200 day simple moving average is €23.80. The company has a debt-to-equity ratio of 147.98, a current ratio of 0.81 and a quick ratio of 0.40.

Gerresheimer Company Profile

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.