Takkt (ETR:TTK) Shares Down 2.4% – Here’s Why

Takkt Ag (ETR:TTK) shares were down 2.4% during trading on Wednesday . The company traded as low as €3.65 and last traded at €3.68. Approximately 65,907 shares traded hands during trading, a decline of 3% from the average daily volume of 67,952 shares. The stock had previously closed at €3.77.

Takkt Stock Down 2.4%

The stock has a market cap of $238.39 million, a P/E ratio of -100.85, a price-to-earnings-growth ratio of -30.58 and a beta of 1.11. 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 stock’s 50-day moving average is €3.75 and its 200-day moving average is €4.56.

Takkt Company Profile

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.