Aurubis (ETR:NDA) Stock Crosses Below 50 Day Moving Average – Here’s Why

Aurubis AG (ETR:NDA) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of €177.25 and traded as low as €176.50. Aurubis shares last traded at €178.90, with a volume of 66,513 shares changing hands.

Aurubis Stock Down 2.7%

The company has a debt-to-equity ratio of 12.50, a quick ratio of 0.71 and a current ratio of 2.15. The business’s 50 day moving average is €176.87 and its 200-day moving average is €179.26. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35.

About Aurubis

Aurubis AG processes metal concentrates and recycling materials in Germany. The company processes scrap metals, organic and inorganic metalbearing recycling raw materials, and industrial residues. It also offers wire rods and specialty wires, shapes, bars and profiles, industrial rolled products, and architectural rolled products. In addition, the company produces gold, silver, tin, lead, lead-bismuth alloy, lead-antimony litharge, tellurium metals, and tellurium dioxide. Further, the company engages in the recycling of copper, copper scrap, alloy scrap and other recycling materials, precious metals, and other non-ferrous metals.