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

Fresenius Medical Care logo with Medical background

Shares of Fresenius Medical Care AG (ETR:FME - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €45.29 ($51.73) and traded as high as €50.40 ($57.57). Fresenius Medical Care shares last traded at €50.02 ($57.13), with a volume of 1,583,523 shares changing hands.

Fresenius Medical Care Stock Performance

The company has a market cap of $14.80 billion, a P/E ratio of 22.45, a price-to-earnings-growth 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. The company's fifty day moving average is €46.58 and its 200 day moving average is €45.32.

About Fresenius Medical Care

(Get Free Report)

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.

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