Merck KGaA (OTCMKTS:MKGAF) Shares Gap Down - Here's Why

Key Points

• Merck KGaA's stock price gapped down significantly, opening at $123.32 after closing at $131.17 the previous day.
• The company has a current market capitalization of $16.14 billion, with the shares trading down 4.8% to $127.51 during the session.
• Merck KGaA operates in sectors including Life Science, Healthcare, and Electronics, providing tools and equipment for various industries.

Merck KGaA (OTCMKTS:MKGAF - )'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $131.17, but opened at $123.32. Merck KGaA shares last traded at $127.51, with a volume of 318 shares.

Merck KGaA Trading Down 4.8%

The company has a market cap of $16.14 billion, a price-to-earnings ratio of 19.07 and a beta of 0.96. The business's fifty day moving average price is $129.23 and its 200 day moving average price is $132.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84.

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.