INDUS (ETR:INH) Share Price Passes Below 50-Day Moving Average – Here’s Why

INDUS Holding AG (ETR:INHGet Free Report)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of €23.29 ($25.59) and traded as low as €23.25 ($25.55). INDUS shares last traded at €23.30 ($25.60), with a volume of 56,437 shares changing hands.

INDUS Stock Down 5.8 %

The company has a quick ratio of 0.72, a current ratio of 1.71 and a debt-to-equity ratio of 100.23. The stock has a fifty day simple moving average of €23.29. The stock has a market capitalization of $571.71 million, a PE ratio of 16.76, a price-to-earnings-growth ratio of -1.29 and a beta of 1.51.

INDUS Company Profile

(Get Free Report)

INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring.

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