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Merck KGaA (OTCMKTS:MKGAF) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Merck KGaA logo with Medical background

Merck KGaA (OTCMKTS:MKGAF - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $149.69 and traded as low as $142.08. Merck KGaA shares last traded at $142.08, with a volume of 496 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Merck KGaA to a "strong-buy" rating in a research report on Thursday, September 19th.

Check Out Our Latest Report on Merck KGaA

Merck KGaA Stock Down 2.3 %

The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 21.69 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $149.30 and a two-hundred day moving average price of $167.28.

Merck KGaA Company Profile

(Get Free Report)

Merck KGaA operates as a science and technology company in Germany. It operates through Life Science, Healthcare, and Electronics segments. The company's Life Science segment offers tools, chemicals, and equipment for academic labs, biotech, and pharmaceutical manufacturers, as well as industrial sector.

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