CTS Eventim AG & Co. KGaA (ETR:EVD) Shares Down 2.4% – Time to Sell?

CTS Eventim AG & Co. KGaA (ETR:EVD) dropped 2.4% on Friday . The company traded as low as €55.60 and last traded at €55.80. Approximately 222,260 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 148,299 shares. The stock had previously closed at €57.15.

CTS Eventim AG & Co. KGaA Price Performance

The company’s 50 day moving average price is €54.79 and its 200-day moving average price is €61.11. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 57.74 and a beta of 1.14. The company has a debt-to-equity ratio of 10.94, a quick ratio of 0.79 and a current ratio of 0.88.

CTS Eventim AG & Co. KGaA Company Profile

CTS Eventim AG & Co KGaA operates in the leisure events market in Germany, Italy, Switzerland, Austria, the United Kingdom, Sweden, the United States, Finland, Spain, Denmark, the Netherlands, and internationally. The company operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through EVENTIM.Web and using its network platform, EVENTIM.Net; in-house ticketing products through EVENTIM.Inhouse; sport ticketing products through EVENTIM.Tixx; and self-service products for promotors through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through EVENTIM.Access.