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Carl Zeiss Meditec (ETR:AFX) Trading Up 2.3% - Here's What Happened

Carl Zeiss Meditec logo with Medical background

Carl Zeiss Meditec AG (ETR:AFX - Get Free Report) was up 2.3% during mid-day trading on Friday . The stock traded as high as €47.00 ($48.45) and last traded at €46.56 ($48.00). Approximately 224,325 shares traded hands during mid-day trading, an increase of 138% from the average daily volume of 94,405 shares. The stock had previously closed at €45.52 ($46.93).

Carl Zeiss Meditec Price Performance

The stock has a 50 day moving average of €54.62 and a 200-day moving average of €60.46. The company has a debt-to-equity ratio of 6.74, a quick ratio of 2.47 and a current ratio of 3.51. The company has a market cap of $4.12 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.83 and a beta of 0.98.

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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