LANXESS Aktiengesellschaft (ETR:LXS) Trading Down 4.3% – Time to Sell?

LANXESS Aktiengesellschaft (ETR:LXS)’s stock price dropped 4.3% during mid-day trading on Wednesday . The stock traded as low as €15.83 and last traded at €15.83. Approximately 832,633 shares traded hands during trading, an increase of 167% from the average daily volume of 312,027 shares. The stock had previously closed at €16.54.

LANXESS Aktiengesellschaft Stock Performance

The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -1.66, a P/E/G ratio of 1.12 and a beta of 1.62. The firm’s 50 day simple moving average is €20.67 and its 200-day simple moving average is €23.85.

LANXESS Aktiengesellschaft Company Profile

LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.