Henkel AG & Co. (OTCMKTS:HENKY) Sees Unusually-High Trading Volume – Time to Buy?

Henkel AG & Co. (OTCMKTS:HENKY) shares saw unusually-strong trading volume on Tuesday . Approximately 111,098 shares traded hands during trading, an increase of 80% from the previous session’s volume of 61,721 shares.The stock last traded at $19.53 and had previously closed at $19.77.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised 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 given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Henkel AG & Co. Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.91 and a current ratio of 1.21. The company has a 50 day simple moving average of $19.03 and a two-hundred day simple moving average of $18.87.

Henkel AG & Co. Company Profile

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.