Grenke (ETR:GLJ) Trading 1.9% Higher - Here's What Happened

Grenke AG (ETR:GLJ - Get Free Report) shares shot up 1.9% on Wednesday . The company traded as high as €13.90 ($15.27) and last traded at €13.84 ($15.21). 47,727 shares were traded during mid-day trading, The stock had previously closed at €13.58 ($14.92).

Grenke Trading Down 2.5 %

The stock's 50 day simple moving average is €16.04 and its 200 day simple moving average is €18.09. The firm has a market cap of $584.33 million, a PE ratio of 7.11, a PEG ratio of 0.75 and a beta of 1.51. The company has a debt-to-equity ratio of 347.44, a quick ratio of 2.26 and a current ratio of 1.19.

About Grenke

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.