Grenke (ETR:GLJ) Stock Price Up 1.9% – Here’s Why

Grenke AG (ETR:GLJ) shares rose 1.9% during trading on Wednesday . The stock traded as high as €13.90 ($15.11) and last traded at €13.84 ($15.04). Approximately 47,727 shares were traded during trading, The stock had previously closed at €13.58 ($14.76).

Grenke Stock Up 1.9 %

The firm has a 50 day simple moving average of €16.17 and a two-hundred day simple moving average of €18.24. The stock has a market capitalization of $618.28 million, a P/E ratio of 7.52, a PEG ratio of 0.75 and a beta of 1.51. The company has a quick ratio of 2.26, a current ratio of 1.19 and a debt-to-equity ratio of 347.44.

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.