Gerresheimer (ETR:GXI) Shares Up 4.5% - Here's What Happened

Gerresheimer AG (ETR:GXI - Get Free Report)'s stock price traded up 4.5% during mid-day trading on Friday . The company traded as high as €50.60 ($58.84) and last traded at €50.50 ($58.72). 778,144 shares changed hands during trading, an increase of 452% from the average session volume of 140,925 shares. The stock had previously closed at €48.34 ($56.21).

Gerresheimer Trading Down 2.9%

The company has a quick ratio of 0.40, a current ratio of 0.80 and a debt-to-equity ratio of 87.94. The stock has a market capitalization of $1.68 billion, a P/E ratio of 14.68, a PEG ratio of 0.82 and a beta of 0.94. The firm's 50-day simple moving average is €53.21 and its 200 day simple moving average is €63.49.

Gerresheimer Company Profile

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.