Henkel AG & Co. (OTCMKTS:HENKY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Henkel AG & Co. (OTCMKTS:HENKY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.61 and traded as high as $21.5313. Henkel AG & Co. shares last traded at $21.35, with a volume of 269,154 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Henkel AG & Co. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Henkel AG & Co. Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.20. The business has a 50-day moving average price of $19.68 and a 200-day moving average price of $19.45.

About Henkel AG & Co.

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.