Drägerwerk AG & Co. KGaA (ETR:DRW3) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Drägerwerk AG & Co. KGaA (ETR:DRW3) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €92.47 and traded as high as €111.80. Drägerwerk AG & Co. KGaA shares last traded at €110.80, with a volume of 14,970 shares trading hands.

Drägerwerk AG & Co. KGaA Stock Performance

The stock has a 50-day moving average price of €92.47 and a 200-day moving average price of €90.88. The company has a debt-to-equity ratio of 23.39, a current ratio of 2.05 and a quick ratio of 0.81. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.24 and a beta of 0.59.

About Drägerwerk AG & Co. KGaA

Drägerwerk AG & Co KGaA operates as a medical and safety technology company worldwide. It develops, produces, and markets system solutions, equipment, and services for acute point of care, including emergency medicine, perioperative care, intensive care, and perinatal medicine. The company also develops, produces, and markets products, system solutions, and services for personal protection, gas detection technology, and integrated hazard management to customers in industry and mining sectors, as well as public sectors, such as fire departments, police, and disaster protection.