Evonik Industries (FRA:EVK) Shares Down 1.7% – Here’s Why

Evonik Industries AG (FRA:EVKGet Free Report)’s stock price dropped 1.7% on Wednesday . The stock traded as low as €12.92 and last traded at €12.94. Approximately 987,570 shares changed hands during mid-day trading, The stock had previously closed at €13.16.

Evonik Industries Trading Down 1.7%

The firm’s 50-day moving average is €13.17 and its 200-day moving average is €14.87.

Evonik Industries Company Profile

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Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.

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