Takkt (ETR:TTK) Shares Down 3.4% - Here's What Happened

Takkt Ag (ETR:TTK - Get Free Report) was down 3.4% during mid-day trading on Wednesday . The stock traded as low as €7.64 ($8.30) and last traded at €7.71 ($8.38). Approximately 40,849 shares changed hands during trading, a decline of 40% from the average daily volume of 67,952 shares. The stock had previously closed at €7.98 ($8.67).

Takkt Price Performance

The company has a current ratio of 1.41, a quick ratio of 0.77 and a debt-to-equity ratio of 24.64. The firm has a market cap of $522.84 million, a price-to-earnings ratio of -221.19, a price-to-earnings-growth ratio of -30.58 and a beta of 1.11. The company's 50-day moving average is €7.86 and its 200-day moving average is €8.72.

About Takkt

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, the rest of Europe, and the United States, and internationally. The company operates in three segments: Industrial & Packaging, Office Furniture & Displays, and FoodService. The Industrial & Packaging segment offers pallet lifting trucks and swivel chairs; special-purpose products, including environmental cabinets and containers for hazardous materials, as well as collapsible boxes, package paddings, shipping pallets, and stretch films under the kaiserkraft name; shipping packaging products under the ratioform brand; and a wide range of office furniture and business equipment under the BiGDUG and OfficeFurnitureOnline names.