Grenke (ETR:GLJ) Stock Price Down 2.1% - Here's What Happened

Key Points

• Grenke's stock fell 2.1% on Thursday to €13.14, with 117,062 shares traded (previous close €13.42).
• The company has a market cap of $587.0M and a low P/E of 7.14 and PEG of 0.75, but an extremely high debt-to-equity ratio of 652.66, while liquidity ratios are healthy (quick ratio 2.26, current ratio 3.13).
• Grenke provides financial services to SMEs via Leasing, Banking and Factoring, focusing on IT and office equipment leasing as well as green-economy assets like photovoltaic systems and eBikes.

Grenke AG (ETR:GLJ - )'s stock price traded down 2.1% on Thursday . The company traded as low as €13.14 and last traded at €13.14. 117,062 shares traded hands during trading, The stock had previously closed at €13.42.

Grenke Trading Down 2.1%

The stock has a market cap of $587.01 million, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company has a debt-to-equity ratio of 652.66, a quick ratio of 2.26 and a current ratio of 3.13. The firm's fifty day simple moving average is €13.52 and its 200-day simple moving average is €14.58.

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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