Scotiabank Downgrades K+S Aktiengesellschaft (OTCMKTS:KPLUF) to Strong Sell

K+S Aktiengesellschaft (OTCMKTS:KPLUF) was downgraded by Scotiabank from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, DZ Bank downgraded K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Strong Sell”.

K+S Aktiengesellschaft Stock Performance

OTCMKTS KPLUF opened at $20.62 on Monday. The firm’s fifty day moving average is $16.51 and its two-hundred day moving average is $14.73. K+S Aktiengesellschaft has a one year low of $13.04 and a one year high of $21.21.

K+S Aktiengesellschaft Company Profile

K+S Aktiengesellschaft is a Germany-based specialty chemicals and fertilizer company with a primary focus on the extraction and production of potash and salt. The company traces its origins back to the late 19th century, when potassium mining began in the Werra district of central Germany. Today, K+S operates as an independent publicly traded enterprise, leveraging decades of experience in mineral resources to serve agricultural and industrial markets worldwide.

The company’s core business activities include the mining, processing and marketing of potash and magnesium products for use in crop nutrition, as well as the sale of salt for de-icing, water treatment and industrial applications.