Varta (ETR:VAR1) Shares Down 8.9% – Here’s Why

Varta AG (ETR:VAR1Get Free Report)’s stock price fell 8.9% on Wednesday . The company traded as low as €1.70 ($1.79) and last traded at €1.75 ($1.84). 243,838 shares changed hands during trading, The stock had previously closed at €1.92 ($2.02).

Varta Price Performance

The company has a debt-to-equity ratio of 130.05, a quick ratio of 0.39 and a current ratio of 1.00. The stock has a market cap of $76.03 million, a PE ratio of -0.24 and a beta of 1.46. The stock’s 50-day moving average is €2.51 and its two-hundred day moving average is €4.96.

Varta Company Profile

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Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. It operates in five segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Other.

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