Lenzing Aktiengesellschaft (OTCMKTS:LNZNF – Get Free Report) fell 48.3% during mid-day trading on Wednesday. The stock traded as low as $12.65 and last traded at $12.6750. 230 shares changed hands during mid-day trading, an increase of 90% from the average session volume of 121 shares. The stock had previously closed at $24.50.
Lenzing Aktiengesellschaft Stock Down 48.3%
The business’s 50 day simple moving average is $25.55 and its 200-day simple moving average is $26.99.
About Lenzing Aktiengesellschaft
Lenzing Aktiengesellschaft is an Austria-based producer of wood-based specialty fibers used in the textile, apparel, home textiles, and nonwoven industries. The company manufactures fibers from sustainably sourced cellulose, serving applications that include clothing, bedding, personal-care products, and other consumer goods.
Its principal brands include TENCEL™ fibers for textiles, LENZING™ ECOVERO™ fibers for viscose products, and VEOCEL™ fibers for nonwoven applications such as wipes and hygiene products.
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