Henkel AG & Co. (OTCMKTS:HENKY) Sets New 52-Week High – Here’s What Happened

Shares of Henkel AG & Co. (OTCMKTS:HENKY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $21.58 and last traded at $21.58, with a volume of 6240 shares changing hands. The stock had previously closed at $20.50.

Wall Street Analyst Weigh In

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

Henkel AG & Co. Stock Up 2.7%

The stock’s 50-day moving average price is $19.38 and its two-hundred day moving average price is $19.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 1.21.

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.