Adler Group (ETR:ADJ) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Adler Group S.A. (ETR:ADJ) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of €0.15 and traded as low as €0.00. Adler Group shares last traded at €0.14, with a volume of 203,383 shares changing hands.

Adler Group Stock Down 5.9%

The firm has a 50-day moving average of €0.15 and a two-hundred day moving average of €0.17. The firm has a market cap of $19.02 million, a price-to-earnings ratio of 0.02, a PEG ratio of 0.20 and a beta of 1.44. The company has a current ratio of 11.12, a quick ratio of 0.42 and a debt-to-equity ratio of 3,636.68.

About Adler Group

Adler Group SA engages in the purchase, management, and development of multifamily residential real estate properties in Germany. It operates through Residential Property Management, Adler RE, Consus, and Privatization segments. The company is involved in the rental and management of residential properties, including modernization and maintenance of residential properties, management of tenancy agreements, and marketing of residential units, as well as It also engages in holding, operating, and selling commercial units; and the modernization, maintenance, real estate investment, development of middle income houses, and management of non-vacant units.