GEA Group Aktiengesellschaft (OTCMKTS:GEAGY) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

GEA Group Aktiengesellschaft (OTCMKTS:GEAGY) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $40.59 and traded as low as $39.9150. GEA Group Aktiengesellschaft shares last traded at $40.5850, with a volume of 2,200 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of GEA Group Aktiengesellschaft from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

GEA Group Aktiengesellschaft Stock Up 4.1%

The stock has a market capitalization of $7.33 billion, a PE ratio of -34.99 and a beta of 1.16. The firm has a 50 day moving average of $40.59 and a two-hundred day moving average of $40.59. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25.

About GEA Group Aktiengesellschaft

GEA Group Aktiengesellschaft is a Germany-based engineering and technology company that develops equipment and process solutions for the food, beverage, dairy, pharmaceutical and other industrial sectors. Its systems are designed to support production, processing, packaging and resource efficiency across a range of manufacturing applications.

The company’s products and services include separation technologies, pumps and valves, process systems, food processing and packaging equipment, dairy farming and milking technology, and industrial heating and refrigeration systems.