Befesa (ETR:BFSA) Stock Price Up 3% – Here’s Why

Befesa S.A. (ETR:BFSA) shares rose 3% on Thursday . The stock traded as high as €34.25 and last traded at €34.25. Approximately 86,236 shares traded hands during trading, The stock had previously closed at €33.25.

Befesa Price Performance

The company’s 50-day moving average is €32.13 and its two-hundred day moving average is €30.70. The company has a debt-to-equity ratio of 85.00, a current ratio of 1.26 and a quick ratio of 0.87. The firm has a market cap of $1.40 billion, a P/E ratio of 25.34, a PEG ratio of 0.88 and a beta of 1.79.

About Befesa

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.