Takkt (ETR:TTK) Shares Cross Below 50-Day Moving Average – Time to Sell?

Takkt Ag (ETR:TTKGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €2.47 and traded as low as €2.24. Takkt shares last traded at €2.29, with a volume of 4,444 shares changing hands.

Takkt Trading Up 2.0%

The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 41.53. The business has a 50-day simple moving average of €2.47 and a 200-day simple moving average of €2.98. The company has a market cap of $151.47 million, a PE ratio of -64.08, a price-to-earnings-growth ratio of -30.58 and a beta of 0.76.

About Takkt

(Get Free Report)

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, the rest of Europe, and the United States, and internationally. The company operates in three segments: Industrial & Packaging, Office Furniture & Displays, and FoodService. The Industrial & Packaging segment offers pallet lifting trucks and swivel chairs; special-purpose products, including environmental cabinets and containers for hazardous materials, as well as collapsible boxes, package paddings, shipping pallets, and stretch films under the kaiserkraft name; shipping packaging products under the ratioform brand; and a wide range of office furniture and business equipment under the BiGDUG and OfficeFurnitureOnline names.

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