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

Wacker Chemie AG (OTCMKTS:WKCMF) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $76.49 and traded as high as $80.4650. Wacker Chemie shares last traded at $80.1450, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WKCMF. Morgan Stanley cut shares of Wacker Chemie from an “overweight” rating to an “underweight” rating in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Wacker Chemie Price Performance

The business’s 50-day simple moving average is $76.49 and its two-hundred day simple moving average is $74.99.

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.