Takkt (ETR:TTK) Trading 2.6% Higher – Still a Buy?

Takkt Ag (ETR:TTK) was up 2.6% during trading on Wednesday . The stock traded as high as €8.67 ($9.42) and last traded at €8.43 ($9.16). Approximately 60,619 shares traded hands during trading, a decline of 11% from the average daily volume of 67,952 shares. The stock had previously closed at €8.22 ($8.93).

Takkt Stock Performance

The stock has a market capitalization of $541.66 million, a P/E ratio of -229.15, a P/E/G ratio of -30.58 and a beta of 1.11. The stock has a 50 day simple moving average of €8.00 and a two-hundred day simple moving average of €8.54. The company has a quick ratio of 0.77, a current ratio of 1.41 and a debt-to-equity ratio of 24.64.

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.