GEA Group (OTCMKTS:GEAGF) Shares Gap Up – Time to Buy?

GEA Group AG (OTCMKTS:GEAGF) shares gapped up before the market opened on Friday . The stock had previously closed at $63.3249, but opened at $70.4615. GEA Group shares last traded at $70.4615, with a volume of 130 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of GEA Group to a “hold” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, GEA Group currently has an average rating of “Buy”.

GEA Group Trading Up 2.2%

The company has a fifty day simple moving average of $64.44 and a two-hundred day simple moving average of $70.28. The company has a market capitalization of $11.47 billion, a P/E ratio of 29.12 and a beta of 0.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 0.76.

About GEA Group

GEA Group AG is a Germany-based provider of process technology and engineering solutions for a wide range of industries, including food and beverage, pharmaceutical, chemical and petroleum. The company specializes in the design, manufacture and installation of equipment and systems that support processes such as heating, cooling, mixing, separation, evaporation and transportation of liquids and powders. Its product portfolio spans centrifuges, separators, heat exchangers, pasteurizers, homogenizers, filtration and membrane systems, as well as advanced automation and digitalization tools to optimize plant performance and ensure product safety.

With origins dating back to the late 19th century, GEA has evolved from a regional metal trading enterprise into a global technology group.