LANXESS Aktiengesellschaft (ETR:LXS) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

LANXESS Aktiengesellschaft (ETR:LXS) shares passed 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.

LANXESS Aktiengesellschaft Trading Down 1.4%

The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.18. The business’s 50 day simple moving average is €12.97 and its 200 day simple moving average is €15.74. The company has a debt-to-equity ratio of 85.64, a current ratio of 1.46 and a quick ratio of 0.57.

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.