Wacker Chemie (WKCMF) Set to Announce Quarterly Earnings on Thursday

Wacker Chemie (OTCMKTS:WKCMF) is projected to announce its resultson Thursday, October 29th. Analysts expect the company to announce earnings of ($0.2677) per share and revenue of $1.65 billion for the quarter.

Wacker Chemie Price Performance

OTCMKTS:WKCMF opened at $85.85 on Tuesday. The firm’s fifty day moving average is $100.58 and its 200-day moving average is $101.04. Wacker Chemie has a 52 week low of $74.25 and a 52 week high of $122.41.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “sell” rating on shares of Wacker Chemie in a research note on Friday. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Wacker Chemie Company Profile

Wacker Chemie AG is a Germany-based chemical company that develops and manufactures specialty chemicals and related materials for industrial and consumer applications. Its portfolio includes silicone products, polymer binders and dispersions, high-purity polysilicon, and biotechnology-based products.

The company’s silicone products are used in industries such as construction, automotive, electronics, healthcare, and personal care. Its polymer products support applications including paints, coatings, adhesives, and construction materials, while its polysilicon is used primarily in semiconductor and solar-cell manufacturing.