Grenke (ETR:GLJ) Shares Break Above Fifty Day Moving Average – What’s Next?

Grenke AG (ETR:GLJ)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of €10.72 and traded as high as €10.80. Grenke shares last traded at €10.80, with a volume of 104,947 shares trading hands.

Grenke Price Performance

The company has a current ratio of 2.68, a quick ratio of 2.25 and a debt-to-equity ratio of 657.64. The company has a 50 day simple moving average of €10.72 and a 200 day simple moving average of €12.37. The stock has a market cap of $467.29 million, a P/E ratio of 5.68, a PEG ratio of 0.75 and a beta of 1.37.

Grenke Company Profile

Grenke AG, together with its subsidiaries, provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally. It operates through three segments: Leasing, Banking, and Factoring. The company is involved in the leasing activities, such as financing to commercial lessees, rental, service, protection, and maintenance offerings, as well as sale of used equipment; and small-ticket leasing of IT products, such as PCs, notebooks, servers, monitors, software, and other peripheral equipment; leasing office communication products, that includes telecommunication and copier equipment, as well as medical technology products, small machinery and systems, and security devices; and leasing green economy objects, such as wallboxes, photovoltaic systems, and eBikes.