Adler Group (ETR:ADJ) Trading 11.9% Higher – Here’s What Happened

Adler Group S.A. (ETR:ADJ) shares shot up 11.9% during mid-day trading on Wednesday . The stock traded as high as €0.38 ($0.40) and last traded at €0.38 ($0.40). 153,348 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 56,857 shares. The stock had previously closed at €0.34 ($0.36).

Adler Group Price Performance

The firm has a market capitalization of $57.77 million, a P/E ratio of -0.05, a PEG ratio of 0.20 and a beta of 1.72. The business’s 50-day simple moving average is €0.32 and its 200 day simple moving average is €0.22. The company has a quick ratio of 0.42, a current ratio of 0.90 and a debt-to-equity ratio of 14,347.80.

Adler Group Company Profile

Adler Group SA engages in the purchase, management, and development of multifamily residential real estate properties in Germany. It operates through Residential Property Management, Adler RE, Consus, and Privatization segments. The company is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units, as well as It also engages in holding, operating, and selling commercial units; and the modernization, maintenance, real estate investment, development of middle income houses, and management of non-vacant units.