LANXESS Aktiengesellschaft (ETR:LXS) Shares Break Below Fifty Day Moving Average – Here’s Why

LANXESS Aktiengesellschaft (ETR:LXS – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of €13.05 and traded as low as €12.50. LANXESS Aktiengesellschaft shares last traded at €12.81, with a volume of 782,149 shares changing hands.

LANXESS Aktiengesellschaft Stock Performance

The company’s 50 day moving average price is €13.05 and its 200-day moving average price is €15.79. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -1.37, a PEG ratio of 1.12 and a beta of 1.18.

About LANXESS Aktiengesellschaft

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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. The Consumer Protection segment provides material protection products; disinfectant, hygiene, and preservative solutions; flavors and fragrances; liquid purification technologies for the treatment of water and other liquids; and precursors and intermediates for the agrochemicals, pharmaceuticals, and specialty chemicals industries.

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