Bechtle (ETR:BC8) Shares Down 1.2% – Here’s Why

Bechtle AG (ETR:BC8)’s stock price traded down 1.2% during mid-day trading on Friday . The company traded as low as €39.52 ($45.95) and last traded at €39.60 ($46.05). 186,719 shares traded hands during mid-day trading, an increase of 244% from the average session volume of 54,276 shares. The stock had previously closed at €40.10 ($46.63).

Bechtle Stock Performance

The business’s 50 day moving average is €38.62 and its 200-day moving average is €35.56. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96.

Bechtle Company Profile

Bechtle AG provides information technology (IT) services primarily in Europe. The company operates through two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software, project planning and implementation, system integration, IT, and training services for IT operation.