Wacker Chemie (ETR:WCH) Stock Price Up 4% - Here's What Happened

Key Points

• Wacker Chemie AG's stock price increased by 4% on Wednesday, reaching a high of €65.65 ($77.24) before settling at €65.40 ($76.94).
• The company reported a market capitalization of $3.50 billion and a PE ratio of 33.97, indicating strong valuation metrics.
• Wacker Chemie operates in four key divisions, including Wacker Silicones and Wacker Polymers, providing a diverse range of chemical products globally.

Wacker Chemie AG (ETR:WCH - )'s share price shot up 4% during trading on Wednesday . The stock traded as high as €65.65 ($77.24) and last traded at €65.40 ($76.94). 98,638 shares changed hands during trading, a decline of 55% from the average session volume of 218,420 shares. The stock had previously closed at €62.90 ($74.00).

Wacker Chemie Stock Performance

The firm's fifty day moving average price is €65.74 and its 200 day moving average price is €66.80. The company has a current ratio of 2.58, a quick ratio of 1.55 and a debt-to-equity ratio of 40.32. The firm has a market capitalization of $3.50 billion, a PE ratio of 33.97, a PEG ratio of -0.41 and a beta of 1.24.

Wacker Chemie Company Profile

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.

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