MAREL Stock Bearish Momentum With A 28% Drop In The Last 10 Sessions

(VIANEWS) – Shares of MAREL (AEX-Index: MAREL.AS) slid by a staggering 28.39% in 10 sessions from €3.98 to €2.85 at 14:07 EST on Thursday, after three successive sessions in a row of losses. AEX-Index is rising 0.71% to €763.67, after five consecutive sessions in a row of gains.

About MAREL

Marel hf. develops, distributes, and sells solutions, software, and services to food processing industries in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. The company's Poultry Processing segment offers integrated systems, software, and services for processing broilers, turkeys, and ducks. Its Meat Processing segment supplies primary, secondary, and further processing equipment, systems, software, and services of pork, beef, veal, and sheep. The company's Fish Processing segment offers equipment, systems, software, and services for farmed and wild salmon and whitefish processing. Its Plant, pet and feed segment provides solutions and services to the pet food, plant-based protein, and aqua feed markets. Marel hf. was founded in 1977 and is based in Garðabær, Iceland.

Earnings Per Share

As for profitability, MAREL has a trailing twelve months EPS of €0.06.

PE Ratio

MAREL has a trailing twelve months price to earnings ratio of 47.5. Meaning, the purchaser of the share is investing €47.5 for every euro of annual earnings.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, MAREL’s stock is considered to be overbought (>=80).

Volatility

MAREL’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.52%, a negative 1.47%, and a positive 2.13%.

MAREL’s highest amplitude of average volatility was 2.52% (last week), 3.09% (last month), and 2.13% (last quarter).

More news about MAREL (MAREL.AS).

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