LANXESS Aktiengesellschaft (ETR:LXS) Trading Down 4.2% – Here’s Why

LANXESS Aktiengesellschaft (ETR:LXS)’s share price dropped 4.2% on Tuesday . The company traded as low as €20.38 and last traded at €20.38. Approximately 321,993 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 312,027 shares. The stock had previously closed at €21.28.

LANXESS Aktiengesellschaft Stock Performance

The company has a 50 day simple moving average of €17.99 and a 200 day simple moving average of €20.10. The company has a market capitalization of $1.85 billion, a PE ratio of -2.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

About LANXESS Aktiengesellschaft

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. The Consumer Protection segment provides material protection products; disinfectant, hygiene, and preservative solutions; flavors and fragrances; liquid purification technologies for the treatment of water and other liquids; and precursors and intermediates for the agrochemicals, pharmaceuticals, and specialty chemicals industries.