Puma (ETR:PUM) Shares Down 4.5% - Time to Sell?

Key Points

• Puma's shares fell by 4.5% to €21.60 ($25.41) during mid-day trading, representing a significant drop from the previous close of €22.61 ($26.60).
• Trading volume surged to approximately 2.7 million shares, a staggering increase of 14,692% compared to the average daily volume.
• The company holds a market capitalization of $3.22 billion and maintains a high debt-to-equity ratio of 84.76.

Puma Se (ETR:PUM - ) dropped 4.5% during mid-day trading on Monday . The company traded as low as €21.60 ($25.41) and last traded at €21.60 ($25.41). Approximately 2,699,236 shares traded hands during mid-day trading, an increase of 14,692% from the average daily volume of 18,248 shares. The stock had previously closed at €22.61 ($26.60).

Puma Stock Down 4.5%

The company has a quick ratio of 0.55, a current ratio of 1.45 and a debt-to-equity ratio of 84.76. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 0.95 and a beta of 1.08. The stock's fifty day moving average price is €19.98 and its 200-day moving average price is €21.64.

About Puma

PUMA SE, together with its subsidiaries, engages in the development and sale of athletic footwear, apparel, and accessories in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company provides sports lifestyle products for football, handball, rugby, cricket, volleyball, track and field, motorsports, golf, and basketball.

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