Azelis Group (OTCMKTS:AZLGF) Stock Price Up 20.9% – Still a Buy?

Azelis Group NV (OTCMKTS:AZLGF)’s share price rose 20.9% on Friday . The stock traded as high as C$13.69 and last traded at C$13.69. Approximately 2,604 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 6,810 shares. The stock had previously closed at C$11.32.

Azelis Group Price Performance

The business’s 50-day simple moving average is C$11.59 and its 200-day simple moving average is C$10.83.

Azelis Group Company Profile

Azelis Group is a global specialty chemicals distributor offering a broad portfolio of formulation ingredients and services to the Life Sciences and Industrial Chemicals sectors. The company sources, markets and distributes a wide range of raw materials, additives and functional ingredients that are used in personal care, home care, agrochemicals, food and nutrition, coatings, adhesives and sealants, polymers and other industrial applications. Azelis provides technical expertise and formulation support to help customers develop and optimize new products, drawing on its network of application laboratories and industry specialists.

Founded in Belgium in 2001 and headquartered in Antwerp, Azelis has grown through organic expansion and strategic acquisitions to establish a presence in more than 50 countries across EMEA, North America, Latin America and Asia Pacific.