Hypoport (ETR:HYQ) Shares Down 2.7%

Shares of Hypoport SE (ETR:HYQ) traded down 2.7% during mid-day trading on Wednesday . The stock traded as low as €446.40 ($525.18) and last traded at €447.80 ($526.82). 5,262 shares changed hands during trading, a decline of 46% from the average session volume of 9,727 shares. The stock had previously closed at €460.00 ($541.18).

A number of brokerages recently weighed in on HYQ. Berenberg Bank set a €550.00 ($647.06) price objective on Hypoport and gave the company a “buy” rating in a report on Wednesday, March 17th. Warburg Research set a €480.00 ($564.71) target price on Hypoport and gave the stock a “neutral” rating in a research report on Friday, March 12th.

The firm has a market cap of $2.82 billion and a P/E ratio of 103.37. The company’s 50-day simple moving average is €489.88 and its 200 day simple moving average is €503.67. The company has a debt-to-equity ratio of 85.67, a current ratio of 1.10 and a quick ratio of 1.03.

About Hypoport (ETR:HYQ)

Hypoport SE operates as a technology-based financial service provider in Germany. The company operates through four segments: Credit Platform, Private Clients, Real Estate Platform, and Insurance Platform. It offers EUROPACE marketplace for independent distributors to process their financing transactions with the product suppliers they represent.

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