Wacker Chemie (OTCMKTS:WKCMF) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Wacker Chemie AG (OTCMKTS:WKCMF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $76.02 and traded as low as $75.00. Wacker Chemie shares last traded at $75.00, with a volume of 150 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wacker Chemie in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Wacker Chemie has an average rating of “Hold”.

Wacker Chemie Stock Up 0.3%

The business has a 50 day simple moving average of $77.00 and a 200-day simple moving average of $76.02.

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.