Grenke (ETR:GLJ) Shares Up 2.6% - Here's Why

Key Points

• Grenke AG's stock rose by 2.6% during recent trading, reaching a high of €18.02 ($20.95) before closing at €17.98 ($20.91).
• The company maintains a strong financial position with a quick ratio of 2.26 and a high debt-to-equity ratio of 347.44, indicating significant leverage in its capital structure.
• Grenke AG provides financial services primarily to small and medium-sized enterprises, operating in three segments: Leasing, Banking, and Factoring.

Grenke AG (ETR:GLJ - Get Free Report) shares traded up 2.6% on Tuesday . The company traded as high as €18.02 ($20.95) and last traded at €17.98 ($20.91). 64,295 shares changed hands during mid-day trading, The stock had previously closed at €17.52 ($20.37).

Grenke Stock Up 6.8%

The company has a debt-to-equity ratio of 347.44, a quick ratio of 2.26 and a current ratio of 1.19. The company has a market cap of $836.29 million, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The stock's fifty day moving average is €16.34 and its two-hundred day moving average is €15.38.

Grenke Company Profile

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.