Befesa (ETR:BFSA) Stock Price Up 1.5% - What's Next?

Befesa S.A. (ETR:BFSA) saw its share price rise by 1.5% during mid-day trading on Tuesday. The stock reached a high of €22.76 ($23.71) before settling at €22.30 ($23.23). A total of about 62,679 shares exchanged hands, compared to its previous closing price of €21.98 ($22.90).

Befesa Price Performance

The stock is currently performing below its 50-day simple moving average of €21.02 and slightly above its 200-day simple moving average of €22.98. Befesa holds a market capitalization of approximately $922.53 million, with a price-to-earnings (P/E) ratio of 16.65 and a price-to-earnings-growth (PEG) ratio of 0.88. The company's beta is recorded at 1.61, indicating its volatility compared to the market. Additionally, Befesa's debt-to-equity ratio stands at 98.02, while its quick ratio is 0.87 and the current ratio is at 1.00.

About Befesa

Befesa S.A. specializes in providing environmental recycling services tailored for the steel and aluminum industries across Europe, Asia, and North America. The company operates through two main segments: Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services collect and recycle crude steel dust along with other residues that arise from producing crude, stainless, and galvanized steel. They also sell waelz oxide products to zinc smelters and process crude steel dust efficiently.

Investment Considerations

Before deciding to invest in Befesa, it is important to note that while the stock currently holds a "Hold" rating from analysts, there are alternative investment opportunities suggested by leading analysts that may offer better returns. Overall, investors should assess whether Befesa aligns with their financial goals and risk tolerance.

Befesa, Stocks, Investing