Cancom (ETR:COK) Shares Down 1.2% - What's Next?

Key Points

• Cancom SE shares fell 1.2% during mid-day trading, closing at €25.70 ($29.88) after a low of €25.60.
• The company experienced a 34% decline in trading volume compared to its average, with around 59,927 shares traded.
• Cancom operates in two segments, Cloud Solutions and IT Solutions, providing IT infrastructure and services in Germany and internationally.

Cancom SE (ETR:COK - )'s share price was down 1.2% during mid-day trading on Tuesday . The company traded as low as €25.60 ($29.77) and last traded at €25.70 ($29.88). Approximately 59,927 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 91,248 shares. The stock had previously closed at €26.00 ($30.23).

Cancom Stock Performance

The stock has a 50-day moving average of €23.66 and a 200-day moving average of €25.92. The firm has a market cap of $797.05 million, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. The company has a debt-to-equity ratio of 7.07, a quick ratio of 1.61 and a current ratio of 1.24.

Cancom Company Profile

CANCOM SE, together with its subsidiaries, provides information technology (IT) infrastructure and services in Germany and internationally. The company operates in two segments, Cloud Solutions and IT Solutions. The Cloud Solutions segment offers remote and shared managed services, as well as product and services related to hardware, software, and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.