Credit Suisse Group (NYSE:CS) Stock Price Down 12.3% – Here’s What Happened

Credit Suisse Group AG (NYSE:CS)’s stock price dropped 12.3% during trading on Tuesday . The company traded as low as $13.3350 and last traded at $13.35. Approximately 4,009,109 shares changed hands during trading, a decline of 89% from the average daily volume of 37,838,621 shares. The stock had previously closed at $15.23.

Credit Suisse Group Trading Down 12.3%

The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.53 and a current ratio of 1.53. The business has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $0.98. The company has a market cap of $41.56 billion, a P/E ratio of 20.54 and a beta of 1.27.

Credit Suisse Group Company Profile

Credit Suisse Group AG is a global financial services firm headquartered in Zurich, Switzerland, offering a broad range of investment banking, private banking, and asset management solutions. The firm serves corporations, institutional clients, governments, and high-net-worth individuals worldwide. As one of the largest banks in Switzerland, Credit Suisse combines international reach with local expertise to provide tailored financial advisory and capital markets services.

In investment banking, Credit Suisse provides mergers and acquisitions advisory, equity capital markets, debt capital markets, and structured finance solutions.