Merck KGaA (OTCMKTS:MKGAF) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Merck KGaA's stock price has surpassed its 50-day moving average of $129.96, reaching a high of $141.90 during trading.
• The company has a market capitalization of $18.34 billion and a debt-to-equity ratio of 0.27, indicating a relatively low level of debt.
• Merck KGaA operates in the fields of Life Science, Healthcare, and Electronics, providing tools and equipment mainly for biotech and pharmaceutical sectors.

Shares of Merck KGaA (OTCMKTS:MKGAF - ) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $129.96 and traded as high as $141.90. Merck KGaA shares last traded at $141.90, with a volume of 28 shares trading hands.

Merck KGaA Trading Up 1.6%

The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 21.66 and a beta of 0.96. The business has a 50 day moving average price of $129.96 and a 200-day moving average price of $132.23.

About Merck KGaA

Merck KGaA operates as a science and technology company in Germany. It operates through Life Science, Healthcare, and Electronics segments. The company's Life Science segment offers tools, chemicals, and equipment for academic labs, biotech, and pharmaceutical manufacturers, as well as industrial sector.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.