RIB Software (ETR:RIB) Hits New 52-Week High at $24.14

RIB Software SE (ETR:RIB) hit a new 52-week high on Monday . The company traded as high as €24.14 ($28.07) and last traded at €24.10 ($28.02), with a volume of 29902 shares. The stock had previously closed at €23.82 ($27.70).

A number of equities analysts have weighed in on RIB shares. Warburg Research set a €24.00 ($27.91) target price on RIB Software and gave the stock a “buy” rating in a research note on Monday, October 7th. Berenberg Bank set a €26.00 ($30.23) target price on RIB Software and gave the stock a “buy” rating in a research note on Thursday, October 31st.

The firm has a market capitalization of $1.12 billion and a P/E ratio of 67.97. The company has a debt-to-equity ratio of 3.65, a quick ratio of 2.25 and a current ratio of 2.40. The business has a 50 day simple moving average of €21.89 and a two-hundred day simple moving average of €18.69.

About RIB Software (ETR:RIB)

RIB Software SE creates, develops, and sells software solutions for the construction enterprises and projects across various industries worldwide. Its solutions include iTWO Civil, a CAD software for highway, earthwork, and sewer construction; iTWO e-tendering platform that provides e-business and e-tendering solutions for construction and supply services; and RIBTEC, an integrated software that allows structural engineers in structural designing of building and ground engineering, finite element calculation, and tunnel and bridge construction, as well as drawing of formwork and reinforcement plans.

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