Henkel AG & Co. (OTCMKTS:HENKY) Hits New 12-Month High – Here’s What Happened

Henkel AG & Co. (OTCMKTS:HENKY) shares hit a new 52-week high on Tuesday . The company traded as high as $22.09 and last traded at $22.06, with a volume of 127512 shares trading hands. The stock had previously closed at $21.89.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Henkel AG & Co. Stock Up 0.8%

The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average is $19.63 and its two-hundred day moving average is $19.17.

About Henkel AG & Co.

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.