Jungheinrich Aktiengesellschaft (ETR:JUN3) Shares Down 5.8% – Here’s Why

Jungheinrich Aktiengesellschaft (ETR:JUN3) shares dropped 5.8% on Wednesday . The stock traded as low as €29.18 and last traded at €30.18. Approximately 173,624 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 126,014 shares. The stock had previously closed at €32.04.

Jungheinrich Aktiengesellschaft Stock Performance

The company has a current ratio of 1.43, a quick ratio of 0.84 and a debt-to-equity ratio of 27.41. The stock’s 50-day moving average price is €36.04 and its 200-day moving average price is €33.03. The company has a market capitalization of $3.26 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.83 and a beta of 1.75.

About Jungheinrich Aktiengesellschaft

Jungheinrich Aktiengesellschaft, through its subsidiaries, provides products and solutions for the intralogistics sector with a portfolio of material handling equipment, automated systems, and matching services worldwide. It operates in two segments, Intralogistics and Financial Services. The Intralogistics segment engages in the development, production, sale, and short-term rental of new material handling equipment and warehousing equipment products, including automation; sale and short-term leasing of used trucks; and provides spare parts, as well as maintenance and repair services.