Fresenius Medical Care (ETR:FME) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Shares of Fresenius Medical Care AG (ETR:FME - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €42.88 ($48.73) and traded as high as €43.10 ($48.98). Fresenius Medical Care shares last traded at €42.26 ($48.02), with a volume of 975,906 shares trading hands.

Fresenius Medical Care Stock Performance

The firm has a 50 day moving average price of €44.63 and a 200-day moving average price of €42.95. The stock has a market capitalization of $13.05 billion, a PE ratio of 19.80, a PEG ratio of 0.42 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 82.24.

About Fresenius Medical Care

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, North America, and internationally. The company offers dialysis treatment and related laboratory and diagnostic services through a network of outpatient dialysis clinics; materials, training, and patient support services comprising clinical monitoring, follow-up assistance, and arranging for delivery of the supplies to the patient's residence; and dialysis services under contract to hospitals in the United States for the hospitalized end-stage renal disease (ESRD) patients and for patients suffering from acute kidney failure.