Grenke (ETR:GLJ) Stock Price Down 1.5% - Should You Sell?

Key Points

• Grenke AG shares fell by 1.5% during trading, reaching a low of €15.72 ($18.28) before closing at the same price.
• The company has a market cap of $702.27 million and a price-to-earnings ratio of 8.54, indicating potential valuation insights for investors.
• Grenke provides financial services to small and medium-sized enterprises (SMEs) in several countries, offering various leasing and banking solutions.

Shares of Grenke AG (ETR:GLJ - ) traded down 1.5% during trading on Thursday . The company traded as low as €15.72 ($18.28) and last traded at €15.72 ($18.28). 53,331 shares changed hands during mid-day trading, The stock had previously closed at €15.96 ($18.56).

Grenke Trading Down 1.5%

The business's 50 day simple moving average is €16.89 and its 200 day simple moving average is €15.56. The company has a quick ratio of 2.26, a current ratio of 1.19 and a debt-to-equity ratio of 347.44. The stock has a market cap of $702.27 million, a price-to-earnings ratio of 8.54, a PEG ratio of 0.75 and a beta of 1.51.

About Grenke

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.

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