Wacker Chemie (OTCMKTS:WKCMF) Shares Down 0.3% – Here’s Why

Wacker Chemie AG (OTCMKTS:WKCMF) fell 0.3% on Tuesday . The company traded as low as $110.2040 and last traded at $110.2040. 9 shares were traded during trading, a decline of 97% from the average session volume of 302 shares. The stock had previously closed at $110.57.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WKCMF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wacker Chemie in a research note on Thursday, April 9th. Citigroup cut shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research report on Friday, June 5th. Finally, UBS Group cut shares of Wacker Chemie from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Wacker Chemie Price Performance

The firm has a 50-day moving average of $112.97 and a two-hundred day moving average of $96.62.

About Wacker Chemie

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.