Merck KGaA (OTCMKTS:MKGAF) Shares Gap Up – Still a Buy?
by Doug Wharley · The Cerbat GemShares of Merck KGaA (OTCMKTS:MKGAF – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $143.00, but opened at $150.00. Merck KGaA shares last traded at $150.00, with a volume of 125 shares trading hands.
Merck KGaA Stock Down 2.4%
The stock has a market capitalization of $18.83 billion, a P/E ratio of 22.24 and a beta of 0.96. The firm’s fifty day moving average is $132.45 and its 200-day moving average is $139.80. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.
About Merck KGaA
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.