Nemetschek (ETR:NEM) Trading 2.5% Higher - Here's What Happened

Nemetschek SE (ETR:NEM - Get Free Report) shot up 2.5% during trading on Tuesday . The company traded as high as €96.60 ($99.59) and last traded at €96.10 ($99.07). 96,722 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 49,484 shares. The stock had previously closed at €93.75 ($96.65).

Nemetschek Stock Performance

The company has a debt-to-equity ratio of 8.27, a current ratio of 1.09 and a quick ratio of 0.73. The firm has a market cap of $11.10 billion, a PE ratio of 62.81, a PEG ratio of 2.44 and a beta of 0.85. The business's fifty day moving average price is €98.40.

Nemetschek Company Profile

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.

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