Cancom (ETR:COK) Trading Down 4.4% – Here’s What Happened

Cancom SE (ETR:COK)’s stock price traded down 4.4% during mid-day trading on Wednesday . The company traded as low as €27.25 and last traded at €27.25. 68,007 shares changed hands during trading, a decline of 25% from the average session volume of 91,248 shares. The stock had previously closed at €28.50.

Cancom Stock Performance

The company has a current ratio of 1.24, a quick ratio of 1.61 and a debt-to-equity ratio of 7.07. The company’s 50-day moving average price is €26.84 and its two-hundred day moving average price is €25.33. The company has a market cap of $845.12 million, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.

Cancom Company Profile

CANCOM SE, together with its subsidiaries, provides information technology (IT) infrastructure and services in Germany and internationally. The company operates in two segments, Cloud Solutions and IT Solutions. The Cloud Solutions segment offers remote and shared managed services, as well as product and services related to hardware, software, and services. The IT Solutions segment provides a range of services related to IT infrastructure and applications, including IT strategy consulting, project planning and implementation, system integration, and IT procurement through e-procurement services, as well as professional IT services and support.