Henkel AG & Co. (OTCMKTS:HENKY) Stock Passes Below 50 Day Moving Average – Time to Sell?

Henkel AG & Co. (OTCMKTS:HENKY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.39 and traded as low as $19.4570. Henkel AG & Co. shares last traded at $19.4950, with a volume of 28,641 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Henkel AG & Co. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Henkel AG & Co. presently has a consensus rating of “Hold”.

Henkel AG & Co. Stock Performance

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $20.39 and a 200-day simple moving average of $19.29.

Henkel AG & Co. Company Profile

Henkel AG & Co KGaA is a Germany-based consumer and industrial products company headquartered in Düsseldorf. Founded in 1876 by Fritz Henkel, the company has developed into a global supplier serving customers in manufacturing, retail and professional markets.

Henkel operates through two primary business areas. Its Adhesive Technologies division develops adhesives, sealants and functional coatings for industries such as automotive, electronics, packaging, construction and general manufacturing.