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

Wacker Chemie AG (OTCMKTS:WKCMF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $81.60 and traded as low as $80.25. Wacker Chemie shares last traded at $80.25, with a volume of 1,100 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WKCMF. Deutsche Bank Aktiengesellschaft cut shares of Wacker Chemie from a “hold” rating to a “sell” rating in a report on Monday, November 24th. BNP Paribas Exane upgraded Wacker Chemie to a “neutral” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Wacker Chemie currently has a consensus rating of “Sell”.

Wacker Chemie Price Performance

The business has a 50 day moving average price of $88.66 and a 200-day moving average price of $81.60.

Wacker Chemie Company Profile

Wacker Chemie AG is a German chemical company founded in 1914 and headquartered in Munich. As a publicly traded entity, the company develops, produces and markets a wide range of chemical and biochemical products for industrial applications. With a global footprint that spans Europe, the Americas and Asia, Wacker Chemie serves customers in sectors such as construction, automotive, electronics, pharmaceuticals and renewable energy.

The company’s portfolio is structured around four core business divisions.