CTS Eventim AG & Co. KGaA (ETR:EVD) Stock Passes Below Fifty Day Moving Average of $56.08

CTS Eventim AG & Co. KGaA (ETR:EVD) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of €56.08 ($65.98) and traded as low as €55.96 ($65.84). CTS Eventim AG & Co. KGaA shares last traded at €56.82 ($66.85), with a volume of 63,779 shares.

Several equities analysts have recently issued reports on EVD shares. Kepler Capital Markets set a €62.50 ($73.53) target price on shares of CTS Eventim AG & Co. KGaA in a report on Thursday, September 2nd. Baader Bank set a €52.00 ($61.18) target price on shares of CTS Eventim AG & Co. KGaA and gave the company a “sell” rating in a report on Wednesday, June 30th. Nord/LB set a €56.00 ($65.88) target price on shares of CTS Eventim AG & Co. KGaA in a report on Tuesday, August 31st. DZ Bank reiterated a “neutral” rating on shares of CTS Eventim AG & Co. KGaA in a report on Wednesday, May 26th. Finally, Jefferies Financial Group set a €73.00 ($85.88) target price on shares of CTS Eventim AG & Co. KGaA in a report on Tuesday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, CTS Eventim AG & Co. KGaA currently has an average rating of “Hold” and a consensus target price of €60.92 ($71.67).

The company has a market capitalization of $5.55 billion and a PE ratio of -373.29. The business’s fifty day moving average is €56.15 and its two-hundred day moving average is €55.37. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 48.61.

About CTS Eventim AG & Co. KGaA (ETR:EVD)

CTS Eventim AG & Co KGaA operates in the leisure events market Germany, Italy, Switzerland, Austria, Finland, Netherlands, Spain, and internationally. It operates in two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events.

See Also: Debt-To-Equity Ratio

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