Adler Group (ETR:ADJ) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Adler Group S.A. (ETR:ADJ) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of €0.15 and traded as low as €0.14. Adler Group shares last traded at €0.14, with a volume of 41,715 shares changing hands.

Adler Group Stock Performance

The stock has a 50-day moving average price of €0.15 and a 200 day moving average price of €0.17. The company has a quick ratio of 0.42, a current ratio of 11.12 and a debt-to-equity ratio of 3,636.68. The firm has a market capitalization of $20.96 million, a price-to-earnings ratio of 0.02, a P/E/G ratio of 0.20 and a beta of 1.44.

About Adler Group

Adler Group SA engages in the purchase, management, and development of multifamily residential real estate properties in Germany. It operates through Residential Property Management, Adler RE, Consus, and Privatization segments. The company is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units, as well as It also engages in holding, operating, and selling commercial units; and the modernization, maintenance, real estate investment, development of middle income houses, and management of non-vacant units.