Shares of a German Ventilator Manufacturer Are Soaring

(Bloomberg) — A crushing global shortage of ventilators needed to treat coronavirus patients has sent a German smallcap stock soaring, leaving analysts scrambling to value both the shares and the company’s ability to help combat the crisis.While major German indexes have lost between 17% and 28% in 2020, shares of Draegerwerk AG & Co KGaA have gained about 70%, taking off in mid-March after Germany ordered 10,000 ventilators and other medical equipment from the company. M.M. Warburg analyst Eggert Kuls estimates that each ventilator costs about 20,000 euros, making the deal worth 200 million euros ($221 million) in revenue for …read more

Source:: Yahoo Finance


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