Cancom (ETR:COK) Shares Up 1.9% – Time to Buy?

Cancom SE (ETR:COKGet Free Report) shot up 1.9% during mid-day trading on Tuesday . The company traded as high as €25.32 ($26.38) and last traded at €25.30 ($26.35). 30,820 shares were traded during trading, a decline of 66% from the average session volume of 91,248 shares. The stock had previously closed at €24.84 ($25.88).

Cancom Stock Performance

The business’s 50 day simple moving average is €24.05. The company has a quick ratio of 1.61, a current ratio of 1.24 and a debt-to-equity ratio of 7.07. The stock has a market capitalization of $777.82 million, a PE ratio of 21.09, a P/E/G ratio of 1.18 and a beta of 1.33.

Cancom Company Profile

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CANCOM SE, together with its subsidiaries, provides information technology (IT) infrastructure and services in Germany and internationally. The company operates in two segments, Cloud Solutions and IT Solutions. The Cloud Solutions segment offers remote and shared managed services, as well as product and services related to hardware, software, and services.

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