LANXESS Aktiengesellschaft (ETR:LXS) Stock Price Down 1.4% - Here's Why

Key Points

• LANXESS Aktiengesellschaft experienced a stock price decline of 1.4%, closing at €23.12 ($27.20) after trading as low as that value during the session.
• The average trading volume for LANXESS shares decreased by 17%, with 258,845 shares changing hands compared to an average of 312,027 shares.
• LANXESS operates as a specialty chemicals company with a market capitalization of $2.09 billion, and it engages in the production of chemical intermediates and additives across three segments.

LANXESS Aktiengesellschaft (ETR:LXS - )'s share price fell 1.4% during trading on Wednesday . The company traded as low as €23.12 ($27.20) and last traded at €23.12 ($27.20). 258,845 shares changed hands during trading, a decline of 17% from the average session volume of 312,027 shares. The stock had previously closed at €23.44 ($27.58).

LANXESS Aktiengesellschaft Price Performance

The firm has a market capitalization of $2.09 billion, a P/E ratio of -2.42, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The stock has a fifty day moving average of €24.68 and a 200 day moving average of €26.00.

LANXESS Aktiengesellschaft Company Profile

LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.

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