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LANXESS Aktiengesellschaft (ETR:LXS) Shares Up 4% - Still a Buy?

LANXESS Aktiengesellschaft logo with Basic Materials background

Shares of LANXESS Aktiengesellschaft (ETR:LXS - Get Free Report) rose 4% during trading on Friday . The stock traded as high as €30.85 ($32.14) and last traded at €29.88 ($31.13). Approximately 1,000,497 shares traded hands during trading, an increase of 221% from the average daily volume of 312,027 shares. The stock had previously closed at €28.73 ($29.93).

LANXESS Aktiengesellschaft Stock Performance

The firm's fifty day simple moving average is €25.07 and its 200 day simple moving average is €25.43. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -3.14, a P/E/G ratio of 1.12 and a beta of 1.62.

LANXESS Aktiengesellschaft Company Profile

(Get Free Report)

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.

Further Reading

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