Fresenius Medical Care (ETR:FME) Shares Pass Above 200-Day Moving Average – Here’s Why

Fresenius Medical Care AG (ETR:FME)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €42.56 ($46.77) and traded as high as €45.73 ($50.25). Fresenius Medical Care shares last traded at €45.57 ($50.08), with a volume of 408,811 shares traded.

Fresenius Medical Care Trading Down 4.6 %

The company’s 50 day simple moving average is €45.59 and its 200-day simple moving average is €42.62. The firm has a market cap of $13.16 billion, a P/E ratio of 19.97, a P/E/G ratio of 0.42 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 82.24.

About Fresenius Medical Care

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, North America, and internationally. The company offers dialysis treatment and related laboratory and diagnostic services through a network of outpatient dialysis clinics; materials, training, and patient support services comprising clinical monitoring, follow-up assistance, and arranging for delivery of the supplies to the patient’s residence; and dialysis services under contract to hospitals in the United States for the hospitalized end-stage renal disease (ESRD) patients and for patients suffering from acute kidney failure.