Merck KGaA (OTCMKTS:MKKGY) Sees Unusually-High Trading Volume Following Better-Than-Expected Earnings

Key Points

• Merck KGaA shares experienced a significant increase in trading volume, up 285% from the previous session, after reporting better-than-expected quarterly earnings.
• The company's earnings per share for the quarter was $0.57, surpassing the consensus estimate of $0.51, with revenues reaching $6.11 billion against expectations of $5.34 billion.
• Merck KGaA's current stock price is $25.47, and it has a market capitalization of $16.42 billion with a P/E ratio of 12.03.

Merck KGaA (OTCMKTS:MKKGY - Get Free Report) shares saw an uptick in trading volume on Friday following a stronger than expected earnings report. 546,189 shares traded hands during trading, an increase of 285% from the previous session's volume of 142,039 shares.The stock last traded at $25.47 and had previously closed at $24.54.

The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $5.34 billion. Merck KGaA had a return on equity of 9.81% and a net margin of 13.49%.

Merck KGaA Stock Down 0.1%

The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 3.10 and a beta of 0.91. The stock has a 50 day moving average of $25.94 and a 200 day moving average of $27.18. The company has a quick ratio of 0.83, a current ratio of 1.31 and a debt-to-equity ratio of 0.23.

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.