Wacker Chemie (ETR:WCH) Trading Up 1.7% – Here’s Why

Wacker Chemie AG (ETR:WCHGet Free Report) shot up 1.7% on Tuesday . The company traded as high as €88.40 and last traded at €87.35. 30,420 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 218,420 shares. The stock had previously closed at €85.90.

Wacker Chemie Trading Up 1.7%

The company has a current ratio of 2.67, a quick ratio of 1.55 and a debt-to-equity ratio of 57.12. The stock has a market cap of $4.67 billion, a PE ratio of 45.37, a PEG ratio of -0.41 and a beta of 0.68. The firm has a fifty day simple moving average of €90.65 and a two-hundred day simple moving average of €90.51.

Wacker Chemie Company Profile

(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. The Wacker Polymers division provides binders and polymeric additives, such as dispersible polymer powder and vinyl acetate-ethylene dispersions, which are used in construction, paper, adhesive, paint, coating, and basic chemical industries.

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