Evonik Industries (FRA:EVK) Shares Up 1% – Here’s Why

Shares of Evonik Industries AG (FRA:EVKGet Free Report) shot up 1% during mid-day trading on Wednesday . The company traded as high as €13.62 and last traded at €13.56. 624,428 shares traded hands during mid-day trading, The stock had previously closed at €13.42.

Evonik Industries Price Performance

The company has a 50-day moving average price of €13.46 and a 200 day moving average price of €15.36.

About Evonik Industries

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Evonik Industries AG produces specialty chemicals in the Asia-Pacific, Europe, the Middle East, Africa, Central and South America, and North America. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides additives for polyurethane; additives, matting agents, fumed silicas, and specialty resins for paints, coatings, and printing inks; isophorone and epoxy curing agents for coatings, adhesives, and composites; and pour-point depressants, and viscosity index improvers for coatings for oil and other lubricants for construction machinery and automotive sector.

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