LANXESS Aktiengesellschaft (OTCMKTS:LNXSF – Get Free Report)’s share price dropped 12% on Tuesday . The company traded as low as $18.3050 and last traded at $18.3050. Approximately 1,000 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 1,630 shares. The stock had previously closed at $20.80.
LANXESS Aktiengesellschaft Price Performance
The business’s 50 day simple moving average is $20.75 and its 200 day simple moving average is $20.25.
LANXESS Aktiengesellschaft Company Profile
LANXESS Aktiengesellschaft is a specialty chemicals company headquartered in Cologne, Germany, with a global footprint across Europe, the Americas and Asia-Pacific. The company develops, manufactures and markets chemical intermediates, additives, specialty chemicals and plastics for a broad spectrum of industries. By focusing on high-value, technology-driven products, LANXESS aims to address customers’ performance, safety and sustainability requirements.
The company operates through several core segments, including Advanced Intermediates, which produces bromine and other halogen chemicals; Specialty Additives, offering flame retardants, antioxidants and plasticizers; Engineering Materials, supplying high-performance plastics such as polyamides and polybutylene terephthalate; and Consumer Protection, covering biocides, disinfection and personal care solutions.
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