Henkel AG & Co. (OTCMKTS:HENKY) Stock Passes Above 50 Day Moving Average – What’s Next?

Henkel AG & Co. (OTCMKTS:HENKY)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.61 and traded as high as $21.5313. Henkel AG & Co. shares last traded at $21.35, with a volume of 269,154 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Henkel AG & Co. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Henkel AG & Co. Stock Up 2.2%

The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $19.61 and its two-hundred day moving average is $19.44.

About Henkel AG & Co.

Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.

The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.