LANXESS Aktiengesellschaft (ETR:LXS) Shares Down 0.8% – Here’s What Happened

LANXESS Aktiengesellschaft (ETR:LXS) was down 0.8% during mid-day trading on Thursday . The stock traded as low as €15.00 and last traded at €15.28. Approximately 469,139 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 312,027 shares. The stock had previously closed at €15.41.

LANXESS Aktiengesellschaft Stock Down 0.8%

The company has a debt-to-equity ratio of 71.80, a current ratio of 1.68 and a quick ratio of 0.57. The company has a market capitalization of $1.38 billion, a P/E ratio of -1.60, a PEG ratio of 1.12 and a beta of 1.16. The company has a 50 day moving average of €17.56 and a 200-day moving average of €17.39.

About LANXESS Aktiengesellschaft

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.