Fresenius Medical Care (ETR:FME) Stock Price Passes Above 200-Day Moving Average - Here's Why

Fresenius Medical Care AG (ETR:FME - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €41.84 ($45.48) and traded as high as €44.45 ($48.32). Fresenius Medical Care shares last traded at €44.07 ($47.90), with a volume of 465,526 shares trading hands.

Fresenius Medical Care Stock Performance

The stock has a market cap of $13.31 billion, a P/E ratio of 20.19, a PEG ratio of 0.42 and a beta of 0.86. The company has a debt-to-equity ratio of 82.24, a current ratio of 1.37 and a quick ratio of 0.80. The company has a fifty day moving average of €45.36 and a 200 day moving average of €42.06.

Fresenius Medical Care Company Profile

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, North America, and internationally. The company offers dialysis treatment and related laboratory and diagnostic services through a network of outpatient dialysis clinics; materials, training, and patient support services comprising clinical monitoring, follow-up assistance, and arranging for delivery of the supplies to the patient's residence; and dialysis services under contract to hospitals in the United States for the hospitalized end-stage renal disease (ESRD) patients and for patients suffering from acute kidney failure.