WASHTEC sees an upgrade to Slightly Positive due to a better fundamental star rating
The general evaluation of WASHTEC (DE), a company active in the Industrial Machinery industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 18, 2022, the closing price was EUR 49.65 and its potential was estimated at EUR 56.33.WashTec is a holding company that provides solutions for car wash worlwide. Co.'s product range comprises all types of car wash equipment as well as associated peripheral devices, wash chemicals and water reclaim systems. Co. also provides servicing packages covering the whole lifecycle of the products sold, including the maintenance of the equipment, operation models and brokering the financing of equipment. Co.'s equipment and service includes roll over wash equipment, self-service wash equipment (jet wash), truck wash equipment, and spare parts. Co.'s global business is broken down into four geographical segments: Core Europea, Eastern Europe, Northern America and Asia/Pacific segments.
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