Takkt (ETR:TTK) Stock Price Up 1.2% - Here's What Happened

Key Points

• Takkt AG's stock price increased by 1.2% to €4.96 ($5.84) during mid-day trading on Wednesday, following a previous close of €4.90 ($5.76).
• The company has a market capitalization of $321.75 million and operates as a B2B direct marketing entity for business equipment across various sectors in Europe and the United States.
• Takkt's stock exhibits volatility with a beta of 1.11, and its price-to-earnings ratio stands at -136.12, indicating potential challenges in profitability.

Takkt Ag (ETR:TTK - )'s stock price was up 1.2% during trading on Wednesday . The company traded as high as €5.09 ($5.99) and last traded at €4.96 ($5.84). Approximately 36,170 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 67,952 shares. The stock had previously closed at €4.90 ($5.76).

Takkt Price Performance

The stock's 50-day moving average price is €5.14 and its 200-day moving average price is €6.57. The company has a market capitalization of $321.75 million, a price-to-earnings ratio of -136.12, a price-to-earnings-growth ratio of -30.58 and a beta of 1.11. The company has a quick ratio of 0.77, a current ratio of 1.41 and a debt-to-equity ratio of 24.64.

Takkt Company Profile

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, the rest of Europe, and the United States, and internationally. The company operates in three segments: Industrial & Packaging, Office Furniture & Displays, and FoodService. The Industrial & Packaging segment offers pallet lifting trucks and swivel chairs; special-purpose products, including environmental cabinets and containers for hazardous materials, as well as collapsible boxes, package paddings, shipping pallets, and stretch films under the kaiserkraft name; shipping packaging products under the ratioform brand; and a wide range of office furniture and business equipment under the BiGDUG and OfficeFurnitureOnline names.

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