Grenke (ETR:GLJ) Stock Price Down 3.3% - Here's Why

Key Points

• Grenke AG's stock price declined by 3.3% on Wednesday, trading between €16.14 ($18.77) and €16.32 ($18.98) after closing at €16.88 ($19.63).
• The company, which provides financial services to small and medium-sized enterprises, has a market capitalization of $729.07 million and notable ratios including a P/E ratio of 8.87.
• Grenke operates in three segments: Leasing, Banking, and Factoring, offering various leasing activities ranging from IT products to green economy items.

Grenke AG (ETR:GLJ - )'s share price was down 3.3% on Wednesday . The company traded as low as €16.14 ($18.77) and last traded at €16.32 ($18.98). Approximately 75,258 shares changed hands during trading, The stock had previously closed at €16.88 ($19.63).

Grenke Stock Down 3.3%

The stock's 50-day moving average price is €17.32 and its two-hundred day moving average price is €15.48. The stock has a market capitalization of $729.07 million, a P/E ratio of 8.87, a P/E/G ratio of 0.75 and a beta of 1.51. The company has a current ratio of 1.19, a quick ratio of 2.26 and a debt-to-equity ratio of 347.44.

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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