Peak Asset Management LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,535 shares of the company’s stock, valued at approximately $2,767,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKGAF. Frazier Financial Advisors LLC purchased a new stake in Merck KGaA in the second quarter valued at about $25,000. Rakuten Securities Inc. acquired a new stake in Merck KGaA in the 2nd quarter worth approximately $27,000. Solstein Capital LLC purchased a new stake in Merck KGaA during the 2nd quarter worth approximately $33,000. Burk Holdings LLC acquired a new position in Merck KGaA in the 2nd quarter worth approximately $39,000. Finally, Bard Associates Inc. acquired a new position in Merck KGaA in the 2nd quarter worth approximately $60,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Performance
Shares of OTCMKTS MKGAF opened at $163.45 on Tuesday. The company has a 50 day simple moving average of $162.78 and a two-hundred day simple moving average of $148.59. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 24.95 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. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56.
Merck KGaA Profile
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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