Wacker Chemie (OTCMKTS:WKCMF) Stock Crosses Above 50 Day Moving Average – Here’s Why

Wacker Chemie AG (OTCMKTS:WKCMF)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $77.49 and traded as high as $80.6465. Wacker Chemie shares last traded at $80.6465, with a volume of 200 shares traded.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley cut Wacker Chemie from an “overweight” rating to an “underweight” rating in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Wacker Chemie Price Performance

The business has a 50-day moving average of $77.49 and a 200 day moving average of $76.09.

Wacker Chemie Company Profile

Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silica.