OHB (ETR:OHB) Stock Price Down 21% – Here’s What Happened

OHB SE (ETR:OHBGet Free Report) shares fell 21% during mid-day trading on Thursday . The stock traded as low as €445.00 and last traded at €448.00. 30,190 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 28,740 shares. The stock had previously closed at €567.00.

OHB Stock Down 5.2%

The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 62.40. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 126.12, a PEG ratio of 1.13 and a beta of 0.76. The firm’s 50 day simple moving average is €339.92 and its 200-day simple moving average is €230.54.

OHB Company Profile

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OHB SE operates as a space and technology company in Germany, rest of Europe, and internationally. The company operates through three segments, Space Systems, Aerospace, and Digital segments. The Space Systems segment focuses on developing and executing space projects. This segment primarily develops and manufactures low-orbiting and geostationary small satellites for navigation, research, communications, and earth and weather observation and reconnaissance, including scientific payloads; undertakes projects for the assembly and outfitting of the International Space Station; and prepares studies and models for exploring solar system, such as the moon, asteroids, and Mars.

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