Strathmore Capital Advisors Inc. purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 5,400 shares of the company’s stock, valued at approximately $682,000.
A number of other large investors have also recently added to or reduced their stakes in MKGAF. United Bank acquired a new position in Merck KGaA in the second quarter valued at approximately $248,000. Uptick Partners LLC acquired a new stake in Merck KGaA during the second quarter worth $750,000. CM Wealth Advisors LLC acquired a new stake in Merck KGaA during the second quarter worth $334,000. Madison Asset Management LLC purchased a new stake in Merck KGaA in the second quarter valued at $3,057,000. Finally, Csenge Advisory Group purchased a new stake in Merck KGaA in the second quarter valued at $1,800,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
Shares of Merck KGaA stock opened at $167.38 on Thursday. The firm has a market cap of $21.63 billion, a PE ratio of 25.55 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The business’s fifty day simple moving average is $162.50 and its 200-day simple moving average is $148.28.
About Merck KGaA
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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