Wacker Chemie (OTCMKTS:WKCMF) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Wacker Chemie AG (OTCMKTS:WKCMF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $79.10 and traded as high as $84.37. Wacker Chemie shares last traded at $84.37, with a volume of 60 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WKCMF shares. Morgan Stanley cut Wacker Chemie from an “overweight” rating to an “underweight” rating in a research report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered shares of Wacker Chemie from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Wacker Chemie Trading Up 3.8%

The company has a fifty day simple moving average of $79.10 and a 200-day simple moving average of $77.27.

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.