ElringKlinger (ETR:ZIL2) Trading Up 1.7%

ElringKlinger AG (ETR:ZIL2) shares were up 1.7% during mid-day trading on Thursday . The company traded as high as €6.06 ($7.05) and last traded at €6.01 ($6.99), approximately 31,693 shares traded hands during trading. A decline of 80% from the average daily volume of 156,628 shares. The stock had previously closed at €5.91 ($6.87).

A number of analysts have recently issued reports on ZIL2 shares. Deutsche Bank set a €5.50 ($6.40) target price on shares of ElringKlinger and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Kepler Capital Markets set a €4.10 ($4.77) target price on shares of ElringKlinger and gave the company a “sell” rating in a research note on Friday, June 28th. Eight equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of €5.42 ($6.30).

The stock has a market capitalization of $380.79 million and a P/E ratio of -858.57. The company has a debt-to-equity ratio of 89.02, a current ratio of 1.69 and a quick ratio of 0.74. The firm has a fifty day moving average of €5.57 and a two-hundred day moving average of €5.62.

About ElringKlinger (ETR:ZIL2)

ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, manufactures, and sells lightweight components, thermal and acoustic shielding systems, cylinder-head and specialty gaskets, battery and fuel cell systems, and electric drive units.

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