Takkt (ETR:TTK) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Takkt Ag (ETR:TTK)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €2.34 and traded as high as €2.88. Takkt shares last traded at €2.69, with a volume of 15,180 shares trading hands.

Takkt Price Performance

The company has a debt-to-equity ratio of 41.24, a current ratio of 1.14 and a quick ratio of 0.77. The firm has a market capitalization of $175.47 million, a price-to-earnings ratio of -74.23, a PEG ratio of -30.58 and a beta of 0.76. The business’s fifty day simple moving average is €2.34 and its 200 day simple moving average is €2.70.

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.