Takkt (ETR:TTK) Trading Down 1.3% – What’s Next?

Takkt Ag (ETR:TTK)’s share price dropped 1.3% during mid-day trading on Tuesday . The stock traded as low as €2.49 and last traded at €2.58. Approximately 37,167 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 67,952 shares. The stock had previously closed at €2.61.

Takkt Trading Down 1.3%

The company has a market capitalization of $167.04 million, a price-to-earnings ratio of -70.67, a P/E/G ratio of -30.58 and a beta of 0.56. The company has a debt-to-equity ratio of 33.75, a quick ratio of 0.77 and a current ratio of 1.30. The business’s 50-day simple moving average is €3.47 and its 200-day simple moving average is €4.08.

About Takkt

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, the rest of Europe, and the United States, and internationally. The company operates in three segments: Industrial & Packaging, Office Furniture & Displays, and FoodService. The Industrial & Packaging segment offers pallet lifting trucks and swivel chairs; special-purpose products, including environmental cabinets and containers for hazardous materials, as well as collapsible boxes, package paddings, shipping pallets, and stretch films under the kaiserkraft name; shipping packaging products under the ratioform brand; and a wide range of office furniture and business equipment under the BiGDUG and OfficeFurnitureOnline names.