Gerresheimer (ETR:GXI) Shares Down 0.5% – Here’s Why

Gerresheimer AG (ETR:GXI) was down 0.5% during trading on Tuesday . The stock traded as low as €20.48 and last traded at €21.22. Approximately 229,938 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 140,925 shares. The stock had previously closed at €21.32.

Gerresheimer Trading Down 0.5%

The business’s 50 day moving average price is €19.04 and its two-hundred day moving average price is €24.16. The company has a market capitalization of $726.51 million, a price-to-earnings ratio of 6.36, a price-to-earnings-growth ratio of 0.82 and a beta of 0.57. The company has a debt-to-equity ratio of 164.82, a quick ratio of 0.40 and a current ratio of 0.98.

Gerresheimer Company Profile

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.