Varta (ETR:VAR1) Hits New 12-Month High at $96.00

Varta AG (ETR:VAR1) reached a new 52-week high on Monday . The stock traded as high as €96.00 ($111.63) and last traded at €95.70 ($111.28), with a volume of 176318 shares changing hands. The stock had previously closed at €88.50 ($102.91).

Several research firms have recently weighed in on VAR1. Hauck & Aufhaeuser set a €50.00 ($58.14) target price on Varta and gave the company a “neutral” rating in a research report on Friday, July 12th. Warburg Research set a €45.00 ($52.33) target price on Varta and gave the company a “sell” rating in a research report on Tuesday, September 3rd. Finally, Berenberg Bank set a €100.00 ($116.28) target price on Varta and gave the company a “buy” rating in a research report on Wednesday, October 2nd.

The firm has a market cap of $3.58 billion and a PE ratio of 115.25. The firm has a 50-day moving average price of €86.66 and a two-hundred day moving average price of €63.38. The company has a quick ratio of 2.39, a current ratio of 2.97 and a debt-to-equity ratio of 5.87.

About Varta (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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