OHB (ETR:OHB) Stock Price Down 11% - Here's What Happened

Key Points

• OHB SE's stock price decreased by 11% during mid-day trading, falling to approximately €130.00 ($151.16), down from a previous close of €146.00 ($169.77).
• The company has a market capitalization of $2.71 billion and a notable debt-to-equity ratio of 9.31.
• OHB operates in the space and technology sector, focusing on developing small satellites and space projects across various international markets.

Shares of OHB SE (ETR:OHB - ) fell 11% during mid-day trading on Thursday . The stock traded as low as €129.50 ($150.58) and last traded at €130.00 ($151.16). 17,562 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 28,740 shares. The stock had previously closed at €146.00 ($169.77).

OHB Stock Down 6.5%

The company has a market cap of $2.71 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 1.13 and a beta of 0.70. The company has a current ratio of 1.36, a quick ratio of 1.12 and a debt-to-equity ratio of 9.31. The firm's fifty day moving average price is €77.90 and its 200-day moving average price is €73.91.

About OHB

OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through three segments, Space Systems, Aerospace, and Digital segments. The Space Systems segment focuses on developing and executing space projects. This segment primarily develops and manufactures low-orbiting and geostationary small satellites for navigation, research, communications, and earth and weather observation and reconnaissance, including scientific payloads; undertakes projects for the assembly and outfitting of the International Space Station; and prepares studies and models for exploring solar system, such as the moon, asteroids, and Mars.

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