TAG Immobilien (ETR:TEG) Trading Down 1.3% - Here's Why

Key Points

• TAG Immobilien AG's share price decreased by 1.3% on Thursday, closing at €14.16 ($16.09), which is a drop from its previous close of €14.34 ($16.30).
• The company, engaged in residential and commercial real estate in Germany, has a market cap of $2.48 billion and a high debt-to-equity ratio of 126.23.
• Trading volume was significantly down, with 206,880 shares changing hands, marking a 50% decline from the average volume of 416,823 shares.

TAG Immobilien AG (ETR:TEG - Get Free Report)'s stock price dropped 1.3% during trading on Thursday . The stock traded as low as €14.09 ($16.38) and last traded at €14.16 ($16.47). Approximately 206,880 shares traded hands during trading, a decline of 50% from the average daily volume of 416,823 shares. The stock had previously closed at €14.34 ($16.67).

TAG Immobilien Price Performance

The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -25.29, a PEG ratio of 0.37 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 0.08 and a debt-to-equity ratio of 126.23. The business has a 50-day moving average price of €14.65 and a two-hundred day moving average price of €13.87.

TAG Immobilien Company Profile

TAG Immobilien AG, a real estate company, acquires, develops, and manages residential real estate properties in Germany. It also rents commercial real estate properties, as well as operates serviced apartments. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008.