Nemetschek (ETR:NEM) Shares Down 1.9% – Here’s What Happened

Nemetschek SE (ETR:NEMGet Free Report) shares dropped 1.9% during mid-day trading on Thursday . The company traded as low as €59.40 and last traded at €61.30. Approximately 312,396 shares traded hands during mid-day trading, an increase of 531% from the average daily volume of 49,484 shares. The stock had previously closed at €62.50.

Nemetschek Stock Down 1.4%

The stock’s 50-day moving average is €63.08 and its 200-day moving average is €73.77. The stock has a market cap of $6.56 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 2.44 and a beta of 0.49. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 33.98.

About Nemetschek

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Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.

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