GEA Group Aktiengesellschaft (OTCMKTS:GEAGY) Trading 4.1% Higher – Here’s What Happened

GEA Group Aktiengesellschaft (OTCMKTS:GEAGY) shares shot up 4.1% during mid-day trading on Wednesday . The company traded as high as $40.64 and last traded at $40.59. 2,200 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 144,678 shares. The stock had previously closed at $39.00.

GEA Group Aktiengesellschaft Price Performance

The firm has a market cap of $7.33 billion, a PE ratio of -34.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.35 and a quick ratio of 0.97. The firm has a 50-day simple moving average of $40.59 and a 200 day simple moving average of $40.59.

GEA Group Aktiengesellschaft Company Profile

GEA Group Aktiengesellschaft engages in the development and production of systems and components for the food processing industry worldwide. It operates in two segments, Business Area Equipment and Business Area Solutions. The Business Area Equipment segment offers separators, valves, pumps, homogenizers, and refrigeration compressors, as well as process technology solutions for food processing and packaging applications; and dairy equipment, feeding systems, and slurry engineering solutions.