Wacker Chemie (OTCMKTS:WKCMF) Shares Cross Above 50-Day Moving Average – Here’s What Happened
by Amy Steele · The Cerbat GemWacker Chemie AG (OTCMKTS:WKCMF – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $78.55 and traded as high as $83.41. Wacker Chemie shares last traded at $83.41, with a volume of 10 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Wacker Chemie from a “hold” rating to a “sell” rating in a report on Monday, November 24th. Morgan Stanley downgraded Wacker Chemie from an “overweight” rating to an “underweight” rating in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on WKCMF
Wacker Chemie Stock Performance
The firm has a fifty day moving average price of $78.66 and a 200 day moving average price of $76.91.
Wacker Chemie Company Profile
Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.
The company’s portfolio is structured around four core business divisions.