Fresenius Medical Care (ETR:FME) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Fresenius Medical Care AG (ETR:FME) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €42.88 ($48.73) and traded as high as €43.10 ($48.98). Fresenius Medical Care shares last traded at €42.26 ($48.02), with a volume of 975,906 shares.

Fresenius Medical Care Stock Performance

The company has a market cap of $12.29 billion, a PE ratio of 18.65, a P/E/G ratio of 0.42 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 82.24. The business’s fifty day moving average is €44.87 and its 200-day moving average is €42.88.

About Fresenius Medical Care

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.