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Carl Zeiss Meditec (ETR:AFX) Stock Price Down 0.5% - Here's What Happened

Carl Zeiss Meditec logo with Medical background

Shares of Carl Zeiss Meditec AG (ETR:AFX - Get Free Report) dropped 0.5% during mid-day trading on Thursday . The company traded as low as €56.90 ($59.89) and last traded at €56.90 ($59.89). Approximately 107,944 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 94,405 shares. The stock had previously closed at €57.20 ($60.21).

Carl Zeiss Meditec Stock Down 4.0 %

The business has a 50-day moving average price of €61.53 and a 200-day moving average price of €68.62. The firm has a market capitalization of $4.89 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.83 and a beta of 0.98. The company has a quick ratio of 2.47, a current ratio of 3.51 and a debt-to-equity ratio of 6.74.

Carl Zeiss Meditec Company Profile

(Get Free Report)

Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia. It operates in two segments, Ophthalmology and Microsurgery. The Ophthalmology segment offers products and solutions for the diagnosis and treatment of chronic eye diseases, such as ametropia (refraction), cataracts, glaucoma, and renital disorders.

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