LANXESS Aktiengesellschaft (ETR:LXS) Shares Down 1.8% – Here’s What Happened

LANXESS Aktiengesellschaft (ETR:LXS)’s share price dropped 1.8% during mid-day trading on Thursday. The stock traded as low as €12.87 and last traded at €12.87. Approximately 514,444 shares were traded during trading, an increase of 65% from the average session volume of 312,027 shares. The stock had previously closed at €13.11.

LANXESS Aktiengesellschaft Price Performance

The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 85.65. The business has a 50-day moving average of €15.03 and a 200 day moving average of €15.95. The firm has a market capitalization of $1.17 billion, a PE ratio of -1.35, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14.

LANXESS Aktiengesellschaft Company Profile

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.