Befesa (ETR:BFSA) Trading 1.8% Higher – Still a Buy?

Befesa S.A. (ETR:BFSA)’s stock price rose 1.8% on Thursday . The company traded as high as €29.82 and last traded at €29.70. Approximately 58,390 shares traded hands during mid-day trading, The stock had previously closed at €29.18.

Befesa Stock Performance

The company has a market capitalization of $1.13 billion, a P/E ratio of 20.38, a PEG ratio of 0.88 and a beta of 1.79. The stock has a fifty day simple moving average of €31.53 and a 200-day simple moving average of €29.53. The company has a quick ratio of 0.87, a current ratio of 1.37 and a debt-to-equity ratio of 86.00.

Befesa Company Profile

Befesa SA offers environmental recycling services to the steel and aluminum industries in European, Asian, and North American markets. It operates through two segments, Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment collects and recycles crude steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel; sells waelz oxide to zinc smelters; and treats crude steel dust. The Aluminium Salt Slags Recycling Services segment recycles salt slags; spent pot linings, a hazardous residue generated by primary aluminium producers; and recovers and sells salt, aluminium concentrate, and aluminium oxides.