Evonik Industries (OTCMKTS:EVKIF) Shares Up 16.5% – Still a Buy?

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report)’s stock price shot up 16.5% during trading on Wednesday . The company traded as high as $20.10 and last traded at $20.10. Approximately 300 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 480 shares. The stock had previously closed at $17.25.

Evonik Industries Stock Up 16.5%

The firm has a 50 day simple moving average of $19.68 and a 200-day simple moving average of $17.75.

About Evonik Industries

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Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.

The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.

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