Merck KGaA (OTCMKTS:MKKGY) Sets New 1-Year Low – Here’s Why

Merck KGaA (OTCMKTS:MKKGY) shares reached a new 52-week low on Wednesday . The stock traded as low as $28.82 and last traded at $28.88, with a volume of 139018 shares traded. The stock had previously closed at $29.22.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on shares of Merck KGaA in a research note on Thursday, September 19th. They set a “buy” rating on the stock.

Merck KGaA Stock Down 1.2 %

The company has a quick ratio of 0.91, a current ratio of 1.33 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $31.74 and a 200-day simple moving average of $34.31. The firm has a market cap of $18.66 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.93.

Merck KGaA Company Profile

Merck KGaA operates as a science and technology company in Germany. It operates through Life Science, Healthcare, and Electronics segments. The company’s Life Science segment offers tools, chemicals, and equipment for academic labs, biotech, and pharmaceutical manufacturers, as well as industrial sector.