LANXESS Aktiengesellschaft (ETR:LXS) Trading 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 - Get Free Report)'s stock price dropped 1.4% during mid-day trading on Wednesday . The stock traded as low as €23.12 ($27.20) and last traded at €23.12 ($27.20). Approximately 258,845 shares were traded during trading, a decline of 17% from the average daily volume of 312,027 shares. The stock had previously closed at €23.44 ($27.58).

LANXESS Aktiengesellschaft Price Performance

The stock's 50 day moving average is €24.52 and its two-hundred day moving average is €25.90. The firm has a market capitalization of $2.05 billion, a P/E ratio of -2.37, a P/E/G ratio of 1.12 and a beta of 1.62.

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.