NORMA Group (ETR:NOEJ) Shares Down 0.8% – Here’s Why

NORMA Group SE (ETR:NOEJGet Free Report) shares were down 0.8% on Tuesday . The company traded as low as €14.50 and last traded at €14.88. Approximately 138,282 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 99,678 shares. The stock had previously closed at €15.00.

NORMA Group Stock Down 1.9%

The firm’s fifty day moving average is €15.74 and its 200-day moving average is €14.17. The company has a debt-to-equity ratio of 69.27, a quick ratio of 0.89 and a current ratio of 2.35. The company has a market capitalization of $477.43 million, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.

About NORMA Group

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NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, hose clamps, retaining clamps, and pipe couplings. It also offers various products for stormwater management, landscape irrigation, and joining components for water infrastructure solutions.

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