Takkt (ETR:TTK) Hits New 52-Week Low – Here’s Why

Takkt Ag (ETR:TTK) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as €8.74 ($9.60) and last traded at €8.70 ($9.56), with a volume of 19263 shares traded. The stock had previously closed at €8.74 ($9.60).

Takkt Trading Down 0.5 %

The stock has a market cap of $563.67 million, a price-to-earnings ratio of 111.75, a PEG ratio of -30.58 and a beta of 1.11. The business’s 50 day simple moving average is €9.77 and its 200 day simple moving average is €11.00. The company has a quick ratio of 0.77, a current ratio of 1.45 and a debt-to-equity ratio of 27.48.

Takkt Company Profile

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.