Wacker Chemie (ETR:WCH) Stock Crosses Below 50-Day Moving Average – Here’s Why

Wacker Chemie AG (ETR:WCH)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €96.64 and traded as low as €88.60. Wacker Chemie shares last traded at €90.80, with a volume of 51,345 shares.

Wacker Chemie Trading Up 4.8%

The company has a quick ratio of 1.55, a current ratio of 2.99 and a debt-to-equity ratio of 65.82. The stock has a fifty day simple moving average of €96.64 and a 200 day simple moving average of €83.20. The firm has a market capitalization of $5.09 billion, a P/E ratio of 49.42, a PEG ratio of -0.41 and a beta of 0.70.

Wacker Chemie Company Profile

Wacker Chemie AG, together with its subsidiaries, provides chemical products worldwide. It operates through four divisions: Wacker Silicones, Wacker Polymers, Wacker Biosolutions, and Wacker Polysilicon. The Wacker Silicones division offers silanes, siloxanes, silicone fluids, silicone emulsions, silicone elastomers, silicone resins, and pyrogenic silica. The Wacker Polymers division provides binders and polymeric additives, such as dispersible polymer powder and vinyl acetate-ethylene dispersions, which are used in construction, paper, adhesive, paint, coating, and basic chemical industries.