Grenke (ETR:GLJ) Stock Price Up 1.3% - Time to Buy?

Grenke AG (ETR:GLJ - Get Free Report)'s share price shot up 1.3% during mid-day trading on Wednesday . The company traded as high as €17.62 ($18.35) and last traded at €17.42 ($18.15). 79,694 shares were traded during trading, The stock had previously closed at €17.20 ($17.92).

Grenke Stock Performance

The firm has a market capitalization of $774.64 million, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The company's 50 day moving average is €16.31 and its 200-day moving average is €20.14. The company has a quick ratio of 2.26, a current ratio of 1.19 and a debt-to-equity ratio of 347.44.

Grenke Company Profile

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.