Grammer (ETR:GMM) Rating Change

In a note released on Thursday morning, DZ-Bank AG raised shares of Grammer (ETR:GMM) to “Buy” rating.

ETR:GMM Price Chart & Trend

The stock price of Grammer surged 11.23% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, Grammer is up 31.92% and up 48.48%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Grammer (ETR:GMM) Profile

GRAMMER AG is a Germany-based company engaged in the automobiles and auto parts sector. The Company develops and manufactures components and systems for automobile interiors as well as driver and passenger seats. The Company is organized into two business segments: Automotive, which supplies headrests, armrests, center consoles, head restraint systems, integrated child safety seats and side cushions to vehicle manufacturers; and Seating Systems, which provides driver’s seats for trucks and off-road vehicles, including tractors and agricultural machinery, construction machinery and fork-lifts, as well as driver and passenger seating for regional and high-speed long-haul trains, coaches and inter-urban buses.

Grammer (ETR:GMM) traded up 1.34% on 31 March, hitting EUR 35.51. A total of 82,606 shares of the company’s stock traded hands. This is up from average of 76,595 shares. Grammer has a 52 week low of EUR 18.40 and a 52 week high of EUR 38.53. The company has a market cap of 409.95M EUR and a P/E ratio of 16.3.

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