Takkt (ETR:TTK) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Takkt Ag (ETR:TTK) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of €2.32 and traded as low as €2.27. Takkt shares last traded at €2.38, with a volume of 1,193 shares trading hands.

Takkt Stock Up 2.3%

The stock has a market capitalization of $158.28 million, a price-to-earnings ratio of -66.96, a price-to-earnings-growth ratio of -30.58 and a beta of 0.76. The company has a quick ratio of 0.77, a current ratio of 1.14 and a debt-to-equity ratio of 41.24. The firm has a 50-day moving average of €2.32 and a two-hundred day moving average of €2.73.

About Takkt

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.