Gerresheimer (ETR:GXI) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Gerresheimer AG (ETR:GXI - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of €77.90 ($80.31) and traded as high as €78.75 ($81.19). Gerresheimer shares last traded at €78.55 ($80.98), with a volume of 101,676 shares traded.

Gerresheimer Trading Down 0.4 %

The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 0.82 and a beta of 0.94. The firm's 50-day moving average is €77.91 and its 200-day moving average is €91.84. The company has a current ratio of 0.87, a quick ratio of 0.40 and a debt-to-equity ratio of 79.36.

About Gerresheimer

Gerresheimer AG, together with its subsidiaries, manufactures and sells medicine packaging, drug delivery devices, and solutions in Germany and internationally. It operates through three divisions: Plastics & Devices, Primary Packaging Glass, and Advanced Technologies. The company offers prefillable syringes, plastic and glass packaging solutions, vials, glass cartridges and ampoules, bottles and containers, and glass bottles and jars, as well as caps, closures, applicators, and accessories; development, industrialization and contract manufacturing of drug delivery programs; project and quality management; and drug delivery systems, including inhalers, injection/auto injectors, pen injectors, infusion systems, and inhalation assessment, autoinjector, and other services.