LANXESS Aktiengesellschaft (ETR:LXS) Shares Cross Above 50-Day Moving Average – What’s Next?

LANXESS Aktiengesellschaft (ETR:LXS) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €17.31 and traded as high as €18.59. LANXESS Aktiengesellschaft shares last traded at €17.82, with a volume of 717,662 shares changing hands.

LANXESS Aktiengesellschaft Stock Performance

The company has a market capitalization of $1.61 billion, a PE ratio of -1.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.34. The company has a current ratio of 1.67, a quick ratio of 0.57 and a debt-to-equity ratio of 72.47. The business’s fifty day moving average is €17.31 and its two-hundred day moving average is €18.31.

LANXESS Aktiengesellschaft Company Profile

LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates. The Consumer Protection segment provides material protection products; disinfectant, hygiene, and preservative solutions; flavors and fragrances; liquid purification technologies for the treatment of water and other liquids; and precursors and intermediates for the agrochemicals, pharmaceuticals, and specialty chemicals industries.