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LANXESS Aktiengesellschaft (ETR:LXS) Shares Cross Above 200-Day Moving Average - Should You Sell?

LANXESS Aktiengesellschaft logo with Basic Materials background
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LANXESS Aktiengesellschaft (ETR:LXS - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €25.96 ($28.22) and traded as high as €28.70 ($31.20). LANXESS Aktiengesellschaft shares last traded at €27.69 ($30.10), with a volume of 420,821 shares changing hands.

LANXESS Aktiengesellschaft Stock Down 3.0 %

The business has a 50-day simple moving average of €26.50 and a 200-day simple moving average of €26.08. The company has a market cap of $2.90 billion, a PE ratio of -3.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

LANXESS Aktiengesellschaft Company Profile

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LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.

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