Grenke (ETR:GLJ) Stock Jumps 5.3% – Here’s What Happened

Grenke AG (ETR:GLJ)’s stock price traded up 5.3% during trading on Thursday. The company traded as high as €10.80 and last traded at €10.80. 104,947 shares were traded during mid-day trading, The stock had previously closed at €10.26.

Grenke Price Performance

The company has a 50 day moving average of €10.72 and a 200 day moving average of €12.37. The stock has a market capitalization of $482.48 million, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. The company has a quick ratio of 2.25, a current ratio of 2.68 and a debt-to-equity ratio of 657.64.

Grenke Company Profile

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.