Cancom (ETR:COK) Shares Up 2.7% – Here’s Why

Cancom SE (ETR:COK – Get Free Report)’s share price was up 2.7% during mid-day trading on Tuesday . The stock traded as high as €22.80 and last traded at €22.60. 103,225 shares changed hands during trading, an increase of 13% from the average session volume of 91,248 shares. The stock had previously closed at €22.00.

Cancom Trading Up 0.2%

The business’s 50 day simple moving average is €22.82 and its 200 day simple moving average is €24.14. The company has a debt-to-equity ratio of 46.71, a current ratio of 1.05 and a quick ratio of 1.60. The company has a market capitalization of $696.25 million, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04.

Cancom Company Profile

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CANCOM SE, together with its subsidiaries, provides information technology (IT) infrastructure and services in Germany and internationally. The company operates in two segments, Cloud Solutions and IT Solutions. The Cloud Solutions segment offers remote and shared managed services, as well as product and services related to hardware, software, and services. The IT Solutions segment provides a range of services related to IT infrastructure and applications, including IT strategy consulting, project planning and implementation, system integration, and IT procurement through e-procurement services, as well as professional IT services and support.

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