United Internet (ETR:UTDI) Shares Up 8% – Here’s What Happened

United Internet AG (ETR:UTDI) shares rose 8% during mid-day trading on Friday . The stock traded as high as €28.32 and last traded at €28.32. Approximately 252,000 shares changed hands during trading, a decline of 20% from the average daily volume of 315,722 shares. The stock had previously closed at €26.22.

United Internet Stock Up 8.0%

The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 57.46. The company has a 50-day simple moving average of €26.55 and a two-hundred day simple moving average of €26.46. The stock has a market cap of $4.87 billion, a P/E ratio of -2,744.16, a P/E/G ratio of 0.85 and a beta of 0.59.

About United Internet

United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.