GEA Group AG (OTCMKTS:GEAGF – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 163,924 shares, a growth of 59.5% from the July 15th total of 102,760 shares. Based on an average daily trading volume, of 371 shares, the days-to-cover ratio is currently 441.8 days. Currently, 0.1% of the shares of the company are sold short.
GEA Group Stock Performance
Shares of GEAGF stock opened at $70.46 on Wednesday. The company’s fifty day simple moving average is $66.00 and its two-hundred day simple moving average is $70.57. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 0.76. GEA Group has a 1 year low of $63.21 and a 1 year high of $78.65. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 29.12 and a beta of 0.20.
Wall Street Analyst Weigh In
Separately, Zacks Research raised GEA Group to a “hold” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.
GEA Group Company Profile
GEA Group AG is a Germany-based provider of process technology and engineering solutions for a wide range of industries, including food and beverage, pharmaceutical, chemical and petroleum. The company specializes in the design, manufacture and installation of equipment and systems that support processes such as heating, cooling, mixing, separation, evaporation and transportation of liquids and powders. Its product portfolio spans centrifuges, separators, heat exchangers, pasteurizers, homogenizers, filtration and membrane systems, as well as advanced automation and digitalization tools to optimize plant performance and ensure product safety.
With origins dating back to the late 19th century, GEA has evolved from a regional metal trading enterprise into a global technology group.
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