LANXESS Aktiengesellschaft (ETR:LXS) Stock Price Down 3% - Here's Why

Key Points

• LANXESS Aktiengesellschaft's stock price fell by 3%, trading at €23.48 ($27.30) after a low of €23.44 ($27.26).
• The trading volume increased by 35% compared to its average, with approximately 421,239 shares exchanged during mid-day trading.
• LANXESS specializes in specialty chemicals and operates in three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.

LANXESS Aktiengesellschaft (ETR:LXS - )'s stock price dropped 3% during mid-day trading on Monday . The company traded as low as €23.44 ($27.26) and last traded at €23.48 ($27.30). Approximately 421,239 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 312,027 shares. The stock had previously closed at €24.20 ($28.14).

LANXESS Aktiengesellschaft Stock Up 0.3%

The business's 50 day moving average is €25.73 and its 200-day moving average is €26.71. The firm has a market capitalization of $2.13 billion, a P/E ratio of -2.46, a PEG 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.

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