Henkel AG & Co. (OTCMKTS:HENKY) Sees Large Volume Increase – Should You Buy?

Henkel AG & Co. (OTCMKTS:HENKY) saw unusually-high trading volume on Monday . Approximately 147,754 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 107,954 shares.The stock last traded at $19.12 and had previously closed at $19.12.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BNP Paribas upgraded Henkel AG & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Royal Bank Of Canada upgraded shares of Henkel AG & Co. to a “hold” rating in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Henkel AG & Co. Price Performance

The company has a 50-day simple moving average of $18.97 and a two-hundred day simple moving average of $18.75.

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.