Merck KGaA (OTCMKTS:MKKGY – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,461 shares, an increase of 95.4% from the August 31st total of 1,771 shares. Based on an average daily volume of 323,326 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Merck KGaA Price Performance
Shares of Merck KGaA stock opened at $31.11 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.69. Merck KGaA has a 52-week low of $23.73 and a 52-week high of $34.19. The company has a fifty day moving average of $31.84 and a 200-day moving average of $29.83. The stock has a market capitalization of $20.10 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MKKGY. UBS Group lowered shares of Merck KGaA from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. HSBC raised shares of Merck KGaA to a “hold” rating in a report on Monday, July 6th. Finally, Zacks Research lowered shares of Merck KGaA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Merck KGaA presently has an average rating of “Hold”.
About Merck KGaA
Merck KGaA is a Germany-based science and technology company headquartered in Darmstadt. Founded in 1668, it is one of the world’s oldest pharmaceutical and chemical businesses. The company operates independently from Merck & Co, Inc, the U.S.-based company that uses the Merck name in the United States and Canada.
Merck KGaA operates through three primary business sectors: Life Science, Healthcare and Electronics. Its Life Science business supplies laboratory products, research tools, analytical technologies and bioprocessing solutions used by pharmaceutical and biotechnology companies, academic institutions and industrial laboratories.
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