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Cancom (ETR:COK) Stock Price Down 11.7% - Here's What Happened

Cancom logo with Computer and Technology background

Key Points

  • Cancom SE's stock price dropped 11.7% on Monday, trading as low as €20.30 and last at €22.75.
  • The volume of shares traded was approximately 374,682, marking a 311% increase from the average daily volume.
  • Cancom operates in two segments, Cloud Solutions and IT Solutions, and has a market cap of $696.25 million.
  • MarketBeat previews top five stocks to own in September.

Cancom SE (ETR:COK - Get Free Report) shares dropped 11.7% during trading on Monday . The company traded as low as €20.30 ($23.60) and last traded at €22.75 ($26.45). Approximately 374,682 shares changed hands during trading, an increase of 311% from the average daily volume of 91,248 shares. The stock had previously closed at €25.75 ($29.94).

Cancom Price Performance

The business has a 50-day simple moving average of €27.77 and a 200 day simple moving average of €26.58. The firm has a market cap of $696.25 million, a P/E ratio of 18.87, 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.

About Cancom

(Get Free Report)

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.

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