Varta (ETR:VAR1) Trading 1.9% Higher

Varta AG (ETR:VAR1)’s share price traded up 1.9% on Monday . The company traded as high as €91.00 ($105.81) and last traded at €90.50 ($105.23), 71,338 shares changed hands during trading. The stock had previously closed at €88.80 ($103.26).

A number of analysts have recently weighed in on the company. Warburg Research set a €45.00 ($52.33) price objective on Varta and gave the stock a “sell” rating in a research report on Tuesday, September 3rd. Hauck & Aufhaeuser set a €50.00 ($58.14) price objective on Varta and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, Berenberg Bank set a €100.00 ($116.28) price objective on Varta and gave the stock a “buy” rating in a research report on Monday, September 9th.

The business has a 50-day moving average price of €79.72 and a two-hundred day moving average price of €55.74. The company has a quick ratio of 2.39, a current ratio of 2.97 and a debt-to-equity ratio of 5.87. The firm has a market cap of $3.66 billion and a PE ratio of 109.56.

Varta Company Profile (ETR:VAR1)

Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries and energy storage solutions worldwide. It operates through two segments, Microbatteries and Power & Energy. The Microbatteries segment offers zinc-air batteries for use in hearing aid devices; lithium-ion battery solutions for wireless headphones, and other wearable applications, as well as for electrical devices, including Bluetooth headsets and medical devices for high blood pressure, blood sugar, and body monitors; and rechargeable battery solutions for server applications, including car keys, alarm systems, or smart meters for industrial and original equipment manufacturers (OEMs).

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