Wacker Chemie (OTCMKTS:WKCMF) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Wacker Chemie AG (OTCMKTS:WKCMF) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $76.29 and traded as high as $78.90. Wacker Chemie shares last traded at $78.90, with a volume of 5 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WKCMF shares. Morgan Stanley lowered shares of Wacker Chemie from an “overweight” rating to an “underweight” rating in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a research report on Wednesday, September 24th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Wacker Chemie Stock Performance

The company’s 50 day moving average is $76.29 and its 200-day moving average is $75.06.

Wacker Chemie Company Profile

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.