Grenke (ETR:GLJ) Shares Down 2.2% – What’s Next?

Grenke AG (ETR:GLJ)’s share price dropped 2.2% during mid-day trading on Monday . The company traded as low as €14.34 and last traded at €14.40. Approximately 62,148 shares traded hands during mid-day trading, The stock had previously closed at €14.72.

Grenke Price Performance

The business’s fifty day moving average price is €15.19 and its 200 day moving average price is €16.00. The company has a debt-to-equity ratio of 347.44, a current ratio of 1.19 and a quick ratio of 2.26. The stock has a market cap of $643.30 million, a P/E ratio of 7.82, a PEG ratio of 0.75 and a beta of 1.51.

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.