Wacker Chemie (OTCMKTS:WKCMF) Trading Down 0.3% – Here’s What Happened

Wacker Chemie AG (OTCMKTS:WKCMF) dropped 0.3% during trading on Tuesday . The stock traded as low as $110.2040 and last traded at $110.2040. Approximately 9 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 302 shares. The stock had previously closed at $110.57.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WKCMF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wacker Chemie in a report on Thursday, April 9th. Citigroup lowered Wacker Chemie from a “hold” rating to a “sell” rating in a report on Friday, June 5th. Finally, UBS Group cut Wacker Chemie from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Wacker Chemie has a consensus rating of “Reduce”.

Wacker Chemie Trading Down 0.3%

The business’s 50 day moving average is $112.84 and its two-hundred day moving average is $96.37.

About Wacker Chemie

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.