Rocket Internet (ETR:RKET) Trading Up ∞ – Time to Buy?

Rocket Internet SE (ETR:RKET) rose ∞ during mid-day trading on Wednesday . The company traded as high as €27.68 ($29.45) and last traded at €27.60 ($29.36). Approximately 42,296 shares traded hands during trading,

Rocket Internet Stock Performance

The company has a market capitalization of $3.75 billion and a PE ratio of -14.67. The company has a debt-to-equity ratio of 4.73, a current ratio of 16.41 and a quick ratio of 13.79. The company’s fifty day moving average is €27.60 and its 200-day moving average is €27.60.

About Rocket Internet

Rocket Internet SE is an incubator, private equity, and venture capital firm specializing in incubation, early-stage, growth capital, late venture, later stage, and start-ups. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services. It prefers to invest in technology and Internet-based companies with a focus on financial technology, software, food and groceries which includes individualized fresh food at home and online food delivery, fashion which includes emerging markets online fashion, general merchandise which includes emerging markets online retail as well as marketplaces for online merchandise, home and living which includes international home and living ecommerce, travel including online and mobile travel bookings, mobile data services, package holidays with transfer, regional internet groups, and new businesses and investments.