WashTec (ETR:WSU) Trading Up 1.8% - Here's What Happened

Key Points

• WashTec AG shares increased by 1.8% during mid-day trading, reaching a price of €40.50 ($47.09) after closing at €39.80 ($46.28).
• The trading volume significantly decreased to just 1,162 shares compared to the average daily volume of 30,458 shares.
• WashTec, which specializes in car wash solutions, has a market capitalization of approximately $541.99 million and a debt-to-equity ratio of 97.98.

WashTec AG (ETR:WSU - ) shares were up 1.8% during mid-day trading on Wednesday . The company traded as high as €40.60 ($47.21) and last traded at €40.50 ($47.09). Approximately 1,162 shares changed hands during trading, a decline of 96% from the average daily volume of 30,458 shares. The stock had previously closed at €39.80 ($46.28).

WashTec Stock Performance

The company has a quick ratio of 0.52, a current ratio of 0.94 and a debt-to-equity ratio of 97.98. The firm has a 50-day moving average of €38.36 and a 200 day moving average of €39.68. The stock has a market capitalization of $541.99 million, a P/E ratio of 19.04, a PEG ratio of 1.63 and a beta of 0.86.

WashTec Company Profile

WashTec AG provides solutions for car wash in Germany, Europe, North America, and the Asia Pacific. The company offers gantry carwashes, self-service, and commercial vehicle wash equipment, as well as conveyor tunnel systems. It also provides water recovery systems; full maintenance; on-call service agreements; service projects and upgrades; spare parts; and digital solutions.

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