United Internet (ETR:UTDI) Trading 1.5% Higher - Time to Buy?

Key Points

• Shares of United Internet AG rose by 1.5%, reaching €27.66 ($32.54), though trading volume fell 62% compared to the average.
• The company has a market capitalization of $4.75 billion, alongside a notably high price-to-earnings ratio of -2,680.21.
• United Internet operates as an Internet service provider globally, offering broadband, mobile internet, and various telecommunication products.

United Internet AG (ETR:UTDI - Get Free Report)'s share price shot up 1.5% during mid-day trading on Friday . The stock traded as high as €27.66 ($32.54) and last traded at €27.66 ($32.54). 118,956 shares changed hands during trading, a decline of 62% from the average session volume of 315,722 shares. The stock had previously closed at €27.24 ($32.05).

United Internet Trading Down 1.0%

The firm has a market capitalization of $4.70 billion, a P/E ratio of -2,651.14, a price-to-earnings-growth ratio of 0.85 and a beta of 0.59. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 57.46. The firm's 50-day simple moving average is €26.03 and its 200-day simple moving average is €22.96.

About United Internet

United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.