Lenzing Aktiengesellschaft (OTCMKTS:LNZNF) Stock Price Up 12.4% – Still a Buy?

Lenzing Aktiengesellschaft (OTCMKTS:LNZNFGet Free Report) shares rose 12.4% during trading on Tuesday . The company traded as high as $30.30 and last traded at $30.30. Approximately 40 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 515 shares. The stock had previously closed at $26.95.

Lenzing Aktiengesellschaft Stock Up 12.4%

The stock’s 50 day moving average is $30.73 and its 200 day moving average is $30.49.

About Lenzing Aktiengesellschaft

(Get Free Report)

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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