Fresenius Medical Care (ETR:FME) Shares Cross Above 200 Day Moving Average - Here's Why

Fresenius Medical Care AG (ETR:FME - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €44.72 ($50.82) and traded as high as €53.10 ($60.34). Fresenius Medical Care shares last traded at €52.48 ($59.64), with a volume of 706,769 shares changing hands.

Fresenius Medical Care Stock Up 2.6%

The firm has a fifty day moving average price of €45.87 and a 200 day moving average price of €44.90. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 0.42 and a beta of 0.86. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 82.24.

Fresenius Medical Care Company Profile

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.