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

Henkel AG & Co. (OTCMKTS:HENKY) shares saw unusually-high trading volume on Tuesday . Approximately 93,128 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 114,106 shares.The stock last traded at $17.3150 and had previously closed at $17.50.

Analysts Set New Price Targets

Separately, Barclays downgraded Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Henkel AG & Co. Stock Up 3.8%

The company has a 50 day moving average of $20.24 and a 200 day moving average of $19.46.

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.