Grenke (ETR:GLJ) Reaches New 1-Year Low – Here’s Why

Grenke AG (ETR:GLJ)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as €17.46 ($18.57) and last traded at €17.84 ($18.98), with a volume of 84535 shares. The stock had previously closed at €17.52 ($18.64).

Grenke Trading Down 2.2 %

The stock has a market cap of $793.17 million, a PE ratio of 9.43, a PEG ratio of 0.75 and a beta of 1.51. The company has a current ratio of 2.22, a quick ratio of 2.26 and a debt-to-equity ratio of 298.32. The firm has a fifty day simple moving average of €23.35 and a two-hundred day simple moving average of €23.73.

About Grenke

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.