GEA Group (OTCMKTS:GEAGF) Shares Gap Up – Here’s Why

GEA Group AG (OTCMKTS:GEAGF) gapped up before the market opened on Wednesday . The stock had previously closed at $64.8440, but opened at $68.95. GEA Group shares last traded at $68.95, with a volume of 105 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of GEA Group to a “hold” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

GEA Group Stock Performance

The firm has a market capitalization of $11.23 billion, a PE ratio of 29.72 and a beta of 0.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.76 and a current ratio of 1.11. The business’s fifty day simple moving average is $65.01 and its 200-day simple moving average is $70.14.

About GEA Group

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.