Varta (ETR:VAR1) Shares Down 7.3% - Here's What Happened

Varta AG (ETR:VAR1 - Get Free Report) was down 7.3% during mid-day trading on Tuesday . The stock traded as low as €3.50 ($3.80) and last traded at €3.52 ($3.83). Approximately 286,985 shares traded hands during mid-day trading, The stock had previously closed at €3.80 ($4.13).

Varta Stock Down 7.3 %

The firm has a 50-day simple moving average of €2.19 and a 200 day simple moving average of €6.76. The company has a market capitalization of $150.09 million, a PE ratio of -0.49 and a beta of 1.46. The company has a debt-to-equity ratio of 130.05, a current ratio of 1.00 and a quick ratio of 0.39.

Varta Company Profile

Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. It operates in five segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Other.

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