Adler Group (ETR:ADJ) Stock Price Up 11.9% - Here's What Happened

Adler Group S.A. (ETR:ADJ - Get Free Report) shares shot up 11.9% during mid-day trading on Wednesday . The company traded as high as €0.38 ($0.40) and last traded at €0.38 ($0.40). 153,348 shares traded hands during trading, an increase of 170% from the average session volume of 56,857 shares. The stock had previously closed at €0.34 ($0.36).

Adler Group Stock Up 11.9 %

The company has a current ratio of 0.90, a quick ratio of 0.42 and a debt-to-equity ratio of 14,347.80. The firm has a market cap of $57.77 million, a P/E ratio of -0.05, a price-to-earnings-growth ratio of 0.20 and a beta of 1.72. The stock's fifty day moving average is €0.32 and its two-hundred day moving average is €0.22.

Adler Group Company Profile

Adler Group SA engages in the purchase, management, and development of multifamily residential real estate properties in Germany. It operates through Residential Property Management, Adler RE, Consus, and Privatization segments. The company is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units, as well as It also engages in holding, operating, and selling commercial units; and the modernization, maintenance, real estate investment, development of middle income houses, and management of non-vacant units.