Takkt (ETR:TTK) Sets New 12-Month Low – What’s Next?

Takkt Ag (ETR:TTK) shares hit a new 52-week low during trading on Friday . The stock traded as low as €8.28 ($8.72) and last traded at €8.35 ($8.79), with a volume of 13485 shares. The stock had previously closed at €8.37 ($8.81).

Takkt Stock Performance

The company has a 50-day simple moving average of €9.45 and a two-hundred day simple moving average of €10.67. The company has a debt-to-equity ratio of 27.48, a quick ratio of 0.77 and a current ratio of 1.45. The firm has a market capitalization of $541.00 million, a P/E ratio of 104.63, a PEG ratio of -30.58 and a beta of 1.11.

Takkt Company Profile

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.