Wacker Chemie (OTCMKTS:WKCMF) Stock Passes Below 200-Day Moving Average – Here’s Why

Wacker Chemie AG (OTCMKTS:WKCMF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $75.31 and traded as low as $74.25. Wacker Chemie shares last traded at $74.25, with a volume of 107 shares trading hands.

Analyst Upgrades and Downgrades

WKCMF has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a report on Wednesday, September 24th. Morgan Stanley downgraded shares of Wacker Chemie from an “overweight” rating to an “underweight” rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Wacker Chemie Stock Down 5.3%

The firm has a 50 day moving average price of $76.40 and a 200 day moving average price of $75.31.

About Wacker Chemie

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.