Wacker Chemie (OTCMKTS:WKCMF) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Wacker Chemie AG (OTCMKTS:WKCMF)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $80.76 and traded as high as $84.39. Wacker Chemie shares last traded at $84.39, with a volume of 40 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WKCMF. Deutsche Bank Aktiengesellschaft downgraded Wacker Chemie from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Exane BNP Paribas upgraded shares of Wacker Chemie to a “neutral” rating in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane upgraded shares of Wacker Chemie to a “neutral” rating in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wacker Chemie Price Performance

The stock’s fifty day moving average price is $80.76 and its two-hundred day moving average price is $78.41.

Wacker Chemie Company Profile

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.