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Gerresheimer (ETR:GXI) Shares Down 0.7% - Here's Why

Gerresheimer logo with Medical background

Gerresheimer AG (ETR:GXI - Get Free Report) shares were down 0.7% on Wednesday . The stock traded as low as €79.00 ($82.29) and last traded at €80.95 ($84.32). Approximately 166,777 shares traded hands during trading, an increase of 18% from the average daily volume of 140,925 shares. The stock had previously closed at €81.50 ($84.90).

Gerresheimer Stock Performance

The company has a debt-to-equity ratio of 87.94, a current ratio of 0.80 and a quick ratio of 0.40. The company's 50-day moving average price is €71.22 and its two-hundred day moving average price is €82.08. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.82 and a beta of 0.94.

About Gerresheimer

(Get Free Report)

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.

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