Grenke (ETR:GLJ) Stock Price Down 2.3% – Here’s Why

Grenke AG (ETR:GLJ)’s stock price dropped 2.3% on Thursday . The stock traded as low as €11.86 and last traded at €11.88. 48,886 shares traded hands during mid-day trading, The stock had previously closed at €12.16.

Grenke Stock Up 0.8%

The company has a current ratio of 2.78, a quick ratio of 2.25 and a debt-to-equity ratio of 569.80. The firm has a market capitalization of $534.30 million, a P/E ratio of 6.50, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. The company’s fifty day simple moving average is €12.13 and its 200 day simple moving average is €13.07.

Grenke Company Profile

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.