Takkt (ETR:TTK) Shares Up 1.2% – Here’s What Happened

Takkt Ag (ETR:TTK)’s share price was up 1.2% on Wednesday . The stock traded as high as €7.70 ($8.11) and last traded at €7.57 ($7.97). Approximately 7,911 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 67,952 shares. The stock had previously closed at €7.48 ($7.87).

Takkt Trading Down 0.1 %

The firm’s 50-day simple moving average is €7.94 and its 200-day simple moving average is €9.30. The firm has a market capitalization of $479.45 million, a PE ratio of 92.50, 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 1.45 and a debt-to-equity ratio of 27.48.

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.