WashTec (ETR:WSU) Shares Down 0.5% - Here's What Happened

During mid-day trading on Wednesday, WashTec AG (ETR:WSU) saw its stock price decrease by 0.5%. The shares dropped to a low of €38.60 ($40.21) before last trading at €39.00 ($40.63). A total of 2,072 shares were exchanged, marking a significant drop of 93% compared to the average trading volume of 30,458 shares. Prior to this, the stock had closed at €39.20 ($40.83).

WashTec Trading Down 0.5%

The company's stock has a 50-day moving average of €39.76 and a 200-day average of €38.29. In terms of financial ratios, WashTec's debt-to-equity ratio stands at 111.15, with a current ratio of 0.92 and a quick ratio of 0.52. The company has a market capitalization of approximately $521.82 million, a price-to-earnings (P/E) ratio of 17.97, and a price/earnings to growth (PEG) ratio of 1.63. It also has a beta of 0.86, indicating lower volatility compared to the market.

WashTec Company Profile

WashTec AG specializes in providing car wash solutions across Germany, Europe, North America, and the Asia Pacific. The company offers a range of products including gantry car washes, self-service washing stations, commercial vehicle wash equipment, and conveyor tunnel systems. Additionally, WashTec provides water recovery systems, comprehensive maintenance services, service agreements, and digital solutions.

Stock Analysis and Recommendations

Market analysts currently rate WashTec as a "Hold". However, five alternative stocks are recommended by top analysts as better investment opportunities.

Investment Considerations

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WashTec, Stock, Trading