Grammer (ETR:GMM) Stock Price Down 7.4% – Here’s Why

Grammer AG (ETR:GMM – Get Free Report)’s share price fell 7.4% during mid-day trading on Monday. The company traded as low as €9.25 and last traded at €9.45. 9,927 shares were traded during trading, a decline of 45% from the average daily volume of 18,134 shares. The stock had previously closed at €10.20.

Grammer Stock Down 7.4%

The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 137.12. The firm has a market capitalization of $138.38 million, a P/E ratio of -1.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.98. The company’s fifty day simple moving average is €12.24 and its 200 day simple moving average is €9.29.

About Grammer

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Grammer AG engages in the development, production, and sale of components and systems for automotive interiors worldwide. The Automotive business supplies headrests, armrests, center console systems, interior components and operating elements, and thermoplastic solutions to automotive OEMs and their system suppliers. The Commercial Vehicles business develops and produces driver and passenger seats for trucks, tractors, construction machinery, and forklifts for commercial vehicles OEMs, bus and rolling stock OEMs, and railway operators; and seats and seating systems for trains and buses.

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