Klöckner & Co SE (ETR:KCO) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Klöckner & Co SE (ETR:KCO)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of €12.35 and traded as low as €12.22. Klöckner & Co SE shares last traded at €12.22, with a volume of 546,826 shares changing hands.

Klöckner & Co SE Stock Down 0.7%

The company has a debt-to-equity ratio of 90.55, a current ratio of 2.15 and a quick ratio of 0.80. The company has a fifty day moving average price of €12.35 and a 200 day moving average price of €12.03. The company has a market cap of $1.23 billion, a PE ratio of -4.63, a price-to-earnings-growth ratio of -0.08 and a beta of 1.23.

About Klöckner & Co SE

Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. The company operates through three segments: Kloeckner Metals US, Kloeckner Metals EU, and Kloeckner Metals Non-EU. It offers flat steel products; long steel products; tubes and hollow sections; stainless steel and high-grade steel; and aluminum products for building installations, roof and wall construction, and water supply. The company also provides various services, including cutting and splitting of steel strips; forming and manufacturing of pressed parts; CNC turning/milling; 2D/3D tube laser cutting; laser and water jet cutting; structural steel processing; plasma and oxy-fuel cutting; shot blasting and primer painting; and sawing/drilling/rounding off.