Merck KGaA (OTCMKTS:MKGAF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Merck KGaA (OTCMKTS:MKGAF)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $151.41 and traded as low as $146.25. Merck KGaA shares last traded at $146.25, with a volume of 144 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Merck KGaA to a “strong-buy” rating in a report on Thursday, September 19th.

Merck KGaA Stock Up 1.1 %

The company has a market cap of $19.12 billion, a price-to-earnings ratio of 22.58 and a beta of 0.96. The stock has a 50-day simple moving average of $151.03 and a 200-day simple moving average of $168.04. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

About Merck KGaA

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.