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LANXESS Aktiengesellschaft (ETR:LXS) Stock Price Down 4.3% - Here's Why

LANXESS Aktiengesellschaft logo with Basic Materials background

Shares of LANXESS Aktiengesellschaft (ETR:LXS - Get Free Report) dropped 4.3% during trading on Friday . The stock traded as low as €24.24 ($27.86) and last traded at €24.24 ($27.86). Approximately 436,010 shares changed hands during trading, an increase of 40% from the average daily volume of 312,027 shares. The stock had previously closed at €25.32 ($29.10).

LANXESS Aktiengesellschaft Price Performance

The stock has a 50 day moving average price of €26.06 and a two-hundred day moving average price of €26.42. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -2.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

LANXESS Aktiengesellschaft Company Profile

(Get Free Report)

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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