Carl Zeiss Meditec (ETR:AFX) Shares Cross Below 50 Day Moving Average – Time to Sell?

Carl Zeiss Meditec AG (ETR:AFX) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of €25.43 and traded as low as €24.24. Carl Zeiss Meditec shares last traded at €25.30, with a volume of 196,222 shares changing hands.

Carl Zeiss Meditec Stock Performance

The stock’s 50-day moving average price is €25.43 and its 200 day moving average price is €32.80. The company has a debt-to-equity ratio of 29.43, a current ratio of 2.43 and a quick ratio of 2.47. The firm has a market cap of $2.35 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 2.83 and a beta of 1.33.

Carl Zeiss Meditec Company Profile

Carl Zeiss Meditec AG operates as a medical technology company in Germany, rest of Europe, North America, and Asia. It operates in two segments, Ophthalmology and Microsurgery. The Ophthalmology segment offers products and solutions for the diagnosis and treatment of chronic eye diseases, such as ametropia (refraction), cataracts, glaucoma, and renital disorders. This segment also provides devices for general ophthalmological examination and care, including slit lamps, refractometers, tonometers, optical coherence tomography devices, and fundus cameras; and devices for functional diagnostics (perimeters), as well as digital products for storage, evaluation, and sharing of clinical data.