Evonik Industries (OTCMKTS:EVKIF) Trading Down 6% – Time to Sell?

Evonik Industries AG (OTCMKTS:EVKIFGet Free Report)’s stock price dropped 6% during trading on Tuesday . The company traded as low as $17.15 and last traded at $17.15. Approximately 500 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 433 shares. The stock had previously closed at $18.25.

Evonik Industries Stock Down 6.0%

The firm’s 50 day simple moving average is $15.92 and its 200-day simple moving average is $16.96.

About Evonik Industries

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Evonik Industries AG is a Germany-based specialty chemicals company headquartered in Essen. Formed in 2007 through the carve-out of the chemicals division of RAG AG, the firm traces its origins to the Degussa chemical group, whose roots extend more than a century. Today, Evonik is recognized as one of the world’s leading providers of specialty chemicals, serving a broad array of industrial and consumer markets.

The company’s operations are organized into core business segments that include Nutrition & Care, Resource Efficiency and Performance Materials.

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