Fresenius Medical Care (ETR:FME) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Fresenius Medical Care AG (ETR:FME) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €36.90 ($40.11) and traded as high as €39.01 ($42.40). Fresenius Medical Care shares last traded at €38.77 ($42.14), with a volume of 342,136 shares traded.

Fresenius Medical Care Price Performance

The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 0.42 and a beta of 0.86. The company has a 50 day simple moving average of €36.48 and a 200-day simple moving average of €36.93. The company has a current ratio of 1.46, a quick ratio of 0.80 and a debt-to-equity ratio of 77.56.

Fresenius Medical Care Company Profile

Fresenius Medical Care AG provides dialysis and related services for individuals with renal diseases in Germany, North America, and internationally. The company offers dialysis treatment and related laboratory and diagnostic services through a network of outpatient dialysis clinics; materials, training, and patient support services comprising clinical monitoring, follow-up assistance, and arranging for delivery of the supplies to the patient’s residence; and dialysis services under contract to hospitals in the United States for the hospitalized end-stage renal disease (ESRD) patients and for patients suffering from acute kidney failure.