Bechtle (ETR:BC8) Trading Down 9.6% - What's Next?

Key Points

• Bechtle AG's shares fell by 9.6% during Monday's trading, closing at €34.56 ($40.19), down from a previous close of €38.22 ($44.44).
• Trading volume surged to approximately 381,530 shares, marking a 603% increase from the average daily volume of 54,276 shares.
• The company has a market capitalization of $4.50 billion and operates primarily in the IT services sector across Europe.

Shares of Bechtle AG (ETR:BC8 - ) were down 9.6% during trading on Monday . The stock traded as low as €34.56 ($40.19) and last traded at €34.56 ($40.19). Approximately 381,530 shares were traded during trading, an increase of 603% from the average daily volume of 54,276 shares. The stock had previously closed at €38.22 ($44.44).

Bechtle Price Performance

The company has a market cap of $4.50 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.88 and a beta of 0.96. The firm has a fifty day simple moving average of €38.57 and a 200 day simple moving average of €36.50.

About Bechtle

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation.

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