GEA Group (OTCMKTS:GEAGF) Trading Down 13.1% – Here’s What Happened

GEA Group AG (OTCMKTS:GEAGF) traded down 13.1% during trading on Wednesday . The company traded as low as $64.8440 and last traded at $64.8440. 140 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 880 shares. The stock had previously closed at $74.65.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of GEA Group to a “strong-buy” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

GEA Group Stock Up 2.6%

The company has a current ratio of 1.07, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.56 billion, a PE ratio of 27.95 and a beta of 0.25. The business’s 50-day simple moving average is $74.20 and its 200 day simple moving average is $71.17.

GEA Group Company Profile

GEA Group AG is a Germany-based provider of process technology and engineering solutions for a wide range of industries, including food and beverage, pharmaceutical, chemical and petroleum. The company specializes in the design, manufacture and installation of equipment and systems that support processes such as heating, cooling, mixing, separation, evaporation and transportation of liquids and powders. Its product portfolio spans centrifuges, separators, heat exchangers, pasteurizers, homogenizers, filtration and membrane systems, as well as advanced automation and digitalization tools to optimize plant performance and ensure product safety.

With origins dating back to the late 19th century, GEA has evolved from a regional metal trading enterprise into a global technology group.