Evonik Industries (OTCMKTS:EVKIF) Trading 7.7% Higher – Should You Buy?

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report) rose 7.7% during mid-day trading on Friday . The company traded as high as $17.50 and last traded at $17.50. Approximately 450 shares traded hands during trading, a decline of 30% from the average daily volume of 641 shares. The stock had previously closed at $16.25.

Evonik Industries Price Performance

The firm’s 50-day simple moving average is $19.38 and its 200 day simple moving average is $20.20.

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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