Mystic Asset Management Inc. acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,899 shares of the company’s stock, valued at approximately $2,943,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC bought a new position in Merck KGaA in the 2nd quarter worth $25,000. Kilter Group LLC bought a new stake in Merck KGaA during the second quarter valued at about $62,000. Addison Advisors LLC purchased a new stake in Merck KGaA in the second quarter worth about $90,000. Hara Capital LLC purchased a new stake in Merck KGaA in the second quarter worth about $110,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Merck KGaA in the second quarter worth about $134,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Down 0.9%
OTCMKTS MKGAF opened at $162.12 on Friday. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $20.95 billion, a P/E ratio of 24.75 and a beta of 0.96. The stock’s 50-day moving average price is $162.47 and its 200-day moving average price is $148.35.
Merck KGaA Company Profile
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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