Eurofins Scientific SE (ERF) Soars 1.01% on Feb 15

February 15, 2018 - By Peter Erickson

Shares of Eurofins Scientific SE (EPA:ERF) last traded at 480.4, representing a move of 1.01%, or 4.8 per share, on volume of 21,287 shares. After opening the trading day at 478.2, shares of Eurofins Scientific SE traded in a close range. Eurofins Scientific SE currently has a total float of 17.66M shares and on average sees 19,536 shares exchange hands each day. The stock now has a 52-week low of 383.75 and high of 559.85.

CAC 40: A Thriving European Index

Europe is undeniably home to some of the largest and fastest-growing economies in the world. That being said, it is interesting to know more about some of its pride, specifically France.

The Euronext

In an attempt to maximize and build on the economy of the European Union (EU), the Euronext was formed in 2000 when the Paris Bourse, the Brussels Stock Exchange, and the Amsterdam Stock Exchange had merged. In 2002, the Bolsa de Valores de Lisboa e Porto (BVLP) was included to the Euronext. This had led to the creation of one of the biggest consolidated stock exchanges in the world; and the rest, as they say, is all history. And now it helps Eurofins Scientific SE to attract more clients.

Today, the Euronext is the pan-European stock exchange situated in Amsterdam, Brussels, Lisbon, London, and Paris. With more than 1,000 publicly traded companies within its network, the Euronext has a market capitalization of roughly €2.60 trillion as of the first quarter of 2014. The most watched indices of the Euronext include AEX, AScX, BEL 20, CAC 40, Next 150, PSI 20, among others. Investors are carefully watched changes inside Eurofins Scientific SE.

The CAC 40

Euronext Paris is the primary stock exchange in France. The CAC 40, which derives its name from CotationAssistéeenContinu— a former automated trading system, is its benchmark index.

Unlike the Dow Jones Industrial Average (DJIA) in the US, which measures stocks based on price, the CAC 40 measures stocks based on free-float market capitalization and share turnover in the past year. Such has been the case since December 1, 2003. Before that, stocks had been measured based on total market valuation.

The CAC 40 is reviewed four times a year, particularly on the third Friday of every quarter-end— March, June, September, and December. The stocks of the index are capped at 15% if necessary in order to prevent index heavyweight. The Index Steering Committee ranks the top 100 companies and from there, 40 companies will be chosen to be included in the CAC 40. These represent the most significant and most active stocks not just in France but in the entire Europe as well. Consequently, the CAC 40 is a powerful economic indicator and has the ability to make or break the region’s corporate sector.

On September 4, 2000, shortly before the foundation of the Euronext, the CAC 40 had attained its all-time high of 6,922.33 with an intraday high of 6,944.77. On the other hand, the all-time low of 893.82 had been posted in January 1988.

The regular session on Euronext Paris lasts from 6:01 a.m. until 7:59 p.m., marking one of the longest sessions worldwide. A 2% margin and a minimum of one index are required when trading. The main currency is, of course, euro. Presently, the CAC 40 is trading at the 4,000 mark, a little well below its peak 16 years ago.

The CAC 40 is truly a reflection of how the European economy has evolved through the years. Eurofins Scientific SE evolved as well. With its evident success, Euronext Paris is surely one of today’s most rewarding stock exchanges to engage in.

More notable recent Eurofins Scientific SE (EPA:ERF) news were published by: Businesswire.com which released: “Eurofins Scientific SE: Disclosure of Total Number of Voting Rights and Number …” on January 08, 2018, also Marketwatch.com with their article: “Eurofins Scientific SE” published on May 11, 2017, Businesswire.com published: “Eurofins Scientific SE: Disclosure of Total Number of Voting Rights and Number …” on February 02, 2018. More interesting news about Eurofins Scientific SE (EPA:ERF) were released by: Businesswire.com and their article: “CORRECTING and REPLACING: Eurofins Scientific SE: Disclosure of Total Number …” published on January 22, 2018 as well as Businesswire.com‘s news article titled: “Eurofins Issues EUR 650m New Euro Bond” with publication date: July 18, 2017.

Eurofins Scientific SE provides various analytical testing services worldwide. The company has market cap of 8.49 billion EUR. It offers a portfolio of approximately 130,000 analytical methods for evaluating the safety, identity, composition, authenticity, origin, traceability, and purity of biological substances and products. It has a 55.96 P/E ratio. The firm provides food and feed testing, biopharma, genomic, agroscience, agro testing, consumer product testing, environment testing, clinical diagnostics, environment testing, forensic, medical device testing, and genomic services, as well as chemicals registration, evaluation, and authorization services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: