Evonik Industries (OTCMKTS:EVKIF) Stock Price Up 16.5% – Time to Buy?

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report) rose 16.5% during trading on Tuesday . The stock traded as high as $19.05 and last traded at $19.05. Approximately 2,101 shares changed hands during trading, an increase of 56% from the average daily volume of 1,350 shares. The stock had previously closed at $16.35.

Evonik Industries Price Performance

The business’s fifty day moving average price is $18.34 and its 200-day moving average price is $20.31.

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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