Merck KGaA (OTCMKTS:MKGAF) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Merck KGaA (OTCMKTS:MKGAFGet Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $146.55 and traded as high as $149.8970. Merck KGaA shares last traded at $144.25, with a volume of 408 shares.

Merck KGaA Stock Down 2.6%

The company has a market capitalization of $18.64 billion, a P/E ratio of 22.02 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $146.55 and its 200 day moving average is $136.82.

About Merck KGaA

(Get Free Report)

Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.

The company’s operations are organized mainly into three businesses.

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