Takkt (ETR:TTK) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Shares of Takkt Ag (ETR:TTKGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of €2.62 and traded as low as €2.45. Takkt shares last traded at €2.45, with a volume of 12,876 shares traded.

Takkt Stock Up 7.1%

The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 41.53. The stock has a market cap of $170.28 million, a P/E ratio of -72.04, a PEG ratio of -30.58 and a beta of 0.56. The firm has a 50-day simple moving average of €2.62 and a two-hundred day simple moving average of €3.39.

About Takkt

(Get Free Report)

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.

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