Shares of Lenzing Aktiengesellschaft (OTCMKTS:LNZNF – Get Free Report) shot up 6.8% on Wednesday . The stock traded as high as $28.6136 and last traded at $28.6136. 307 shares traded hands during trading, an increase of 158% from the average session volume of 119 shares. The stock had previously closed at $26.80.
Lenzing Aktiengesellschaft Stock Performance
The company’s 50 day simple moving average is $26.46 and its two-hundred day simple moving average is $27.98.
Lenzing Aktiengesellschaft Company Profile
Lenzing Aktiengesellschaft is an Austria-based specialty fiber manufacturer focusing on the production of wood-based cellulose fibers. Its range of products includes Lenzing TENCEL® lyocell fibers, Lenzing Modal® fibers and dissolving wood pulp. These fibers are employed across diverse end markets such as apparel, home textiles, personal care and nonwovens, where strength, moisture management and ecological credentials are increasingly valued.
The company’s manufacturing footprint spans Europe, Asia, North America and South America, enabling it to supply global customers in the textile, automotive and hygiene sectors.
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