Varta AG (ETR:VAR1)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as €49.25 ($57.27) and last traded at €49.25 ($57.27), with a volume of 78160 shares traded. The stock had previously closed at €45.50 ($52.91).
A number of equities analysts have issued reports on the company. Hauck & Aufhaeuser set a €33.60 ($39.07) price target on Varta and gave the stock a “neutral” rating in a report on Monday, March 4th. Berenberg Bank set a €43.00 ($50.00) target price on Varta and gave the stock a “buy” rating in a report on Friday, March 29th.
The company has a debt-to-equity ratio of 8.09, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market capitalization of $1.82 billion and a PE ratio of 74.24.
Varta Company Profile (ETR:VAR1)
Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries and energy storage solutions worldwide. It operates through two segments, Microbatteries and Power & Energy. The Microbatteries segment offers zinc-air batteries for use in hearing aid devices; lithium-ion battery solutions for wireless headphones, and other wearable applications, as well as for electrical devices, including Bluetooth headsets and medical devices for high blood pressure, blood sugar, and body monitors; and rechargeable battery solutions for server applications, including car keys, alarm systems, or smart meters for industrial and original equipment manufacturers (OEMs).
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