Lenzing Aktiengesellschaft (OTCMKTS:LNZNF) Trading Down 18.9% – What’s Next?

Shares of Lenzing Aktiengesellschaft (OTCMKTS:LNZNFGet Free Report) fell 18.9% during mid-day trading on Friday . The stock traded as low as $30.71 and last traded at $30.71. 9 shares changed hands during trading, a decline of 97% from the average session volume of 287 shares. The stock had previously closed at $37.89.

Lenzing Aktiengesellschaft Price Performance

The stock’s 50-day simple moving average is $36.75 and its 200 day simple moving average is $36.10.

Lenzing Aktiengesellschaft Company Profile

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Lenzing Aktiengesellschaft, together with its subsidiaries, produces and markets wood-based cellulosic fibers for the textile and nonwoven sectors, and industrial applications. The company operates through Division Fiber, Division Pulp, and Others segments. It offers lyocell and modal fibers for applications in textiles products, such as denim, activewear, 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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