NORMA Group (ETR:NOEJ) Trading Down 3.7% – Here’s Why

NORMA Group SE (ETR:NOEJ)’s stock price was down 3.7% on Wednesday . The stock traded as low as €13.90 and last traded at €13.94. Approximately 55,244 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 99,678 shares. The stock had previously closed at €14.48.

NORMA Group Price Performance

The company has a market capitalization of $455.85 million, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. The company has a 50-day moving average price of €14.06 and a 200-day moving average price of €15.00. The company has a debt-to-equity ratio of 69.27, a quick ratio of 0.89 and a current ratio of 2.35.

NORMA Group Company Profile

NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, hose clamps, retaining clamps, and pipe couplings. It also offers various products for stormwater management, landscape irrigation, and joining components for water infrastructure solutions. The company sells its products to distributors, original equipment manufacturer aftermarket customers, technical wholesalers, and hardware stores under the ABA, Breeze, Clamp-All, CONNECTORS, FISH, Gemi, Kimplas, NDS, NORMA, Raindrip, R.G.RAY, Serflex, TORCA, and TRUSTLENE brand names.