Henkel AG & Co. (OTCMKTS:HENKY) Stock Price Up 1.8% – Should You Buy?

Henkel AG & Co. (OTCMKTS:HENKY)’s share price shot up 1.8% during trading on Thursday . The company traded as high as $20.49 and last traded at $20.4250. Approximately 39,473 shares changed hands during trading, a decline of 44% from the average daily volume of 70,299 shares. The stock had previously closed at $20.06.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Henkel AG & Co. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 23rd. One equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Henkel AG & Co. Price Performance

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 business’s 50-day moving average is $18.82 and its 200-day moving average is $19.32.

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.