CTS Eventim AG & Co. KGaA (ETR:EVD) Shares Down 2.1% – Here’s Why

CTS Eventim AG & Co. KGaA (ETR:EVD) shares dropped 2.1% during trading on Wednesday . The company traded as low as €64.45 and last traded at €65.80. Approximately 202,297 shares traded hands during trading, an increase of 36% from the average daily volume of 148,299 shares. The stock had previously closed at €67.20.

CTS Eventim AG & Co. KGaA Trading Down 2.1%

The business has a 50 day moving average price of €72.18 and a 200 day moving average price of €78.37. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 24.51. The company has a market capitalization of $6.32 billion, a P/E ratio of 25.23, a PEG ratio of 57.74 and a beta of 1.22.

About CTS Eventim AG & Co. KGaA

CTS Eventim AG & Co KGaA operates in the leisure events market in Germany, Italy, Switzerland, Austria, the United Kingdom, Sweden, the United States, Finland, Spain, Denmark, the Netherlands, and internationally. The company operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through EVENTIM.Web and using its network platform, EVENTIM.Net; in-house ticketing products through EVENTIM.Inhouse; sport ticketing products through EVENTIM.Tixx; and self-service products for promotors through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through EVENTIM.Access.