NORMA Group (ETR:NOEJ) Trading Down 2.4% – Here’s Why

NORMA Group SE (ETR:NOEJGet Free Report) shares dropped 2.4% during mid-day trading on Thursday . The company traded as low as €11.62 ($12.23) and last traded at €11.62 ($12.23). Approximately 17,470 shares changed hands during trading, a decline of 82% from the average daily volume of 99,678 shares. The stock had previously closed at €11.90 ($12.53).

NORMA Group Stock Performance

The firm’s 50 day simple moving average is €13.61 and its 200 day simple moving average is €16.05. The firm has a market capitalization of $372.76 million, a price-to-earnings ratio of 15.09, a PEG ratio of 0.82 and a beta of 1.56. The company has a debt-to-equity ratio of 75.50, a quick ratio of 0.89 and a current ratio of 2.24.

About NORMA Group

(Get Free Report)

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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