Wacker Chemie (OTCMKTS:WKCMF) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Wacker Chemie AG (OTCMKTS:WKCMFGet Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $77.49 and traded as high as $80.6465. Wacker Chemie shares last traded at $80.6465, with a volume of 200 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on WKCMF. Deutsche Bank Aktiengesellschaft lowered Wacker Chemie from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Morgan Stanley downgraded shares of Wacker Chemie from an “overweight” rating to an “underweight” rating in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

View Our Latest Stock Report on Wacker Chemie

Wacker Chemie Stock Performance

The firm has a 50 day moving average of $77.57 and a two-hundred day moving average of $76.19.

About Wacker Chemie

(Get Free Report)

Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silica.

Further Reading

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