Gerresheimer (ETR:GXI) Stock Price Up 1.8% – Here’s Why

Gerresheimer AG (ETR:GXI) shares shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as €25.68 and last traded at €25.24. 601,977 shares changed hands during trading, an increase of 327% from the average session volume of 140,925 shares. The stock had previously closed at €24.80.

Gerresheimer Stock Performance

The firm has a fifty day simple moving average of €27.57 and a 200 day simple moving average of €39.74. The company has a current ratio of 0.80, a quick ratio of 0.40 and a debt-to-equity ratio of 87.94. The stock has a market cap of $864.14 million, a price-to-earnings ratio of 7.56, a PEG ratio of 0.82 and a beta of 0.94.

About Gerresheimer

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.