Lenzing Aktiengesellschaft (OTCMKTS:LNZNF – Get Free Report) shares rose 21.3% during mid-day trading on Wednesday . The stock traded as high as $43.99 and last traded at $43.99. Approximately 442 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 536 shares. The stock had previously closed at $36.26.
Analysts Set New Price Targets
Separately, Stifel Nicolaus upgraded Lenzing Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. They noted that the move was a valuation call.
View Our Latest Research Report on LNZNF
Lenzing Aktiengesellschaft Price Performance
Lenzing Aktiengesellschaft Company Profile
Lenzing Aktiengesellschaft, together with its subsidiaries, produces and markets wood-based cellulosic fibers for the textile and nonwoven sectors in Austria, rest of Europe, Asia, the Americas, and internationally. The company operates through Division Fiber, Division Pulp, and Others segments. It offers lyocell fibers for applications in textiles products, such as denim, sports and outdoor wear, and lingerie and underwear; hygiene articles, which include baby wipes, facial sheet masks, and surface cleaning; and protective wear, engineered products, and packaging products under the LENZING, TENCEL, VEOCEL, and LENZING ECOVERO brand names.
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