Wacker Chemie (OTCMKTS:WKCMF) Stock Passes Above 50 Day Moving Average – What’s Next?

Wacker Chemie AG (OTCMKTS:WKCMF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $93.69 and traded as high as $108.1925. Wacker Chemie shares last traded at $108.1925, with a volume of 50 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WKCMF. BNP Paribas Exane upgraded Wacker Chemie to a “neutral” rating in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wacker Chemie in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Wacker Chemie Stock Up 4.3%

The stock’s fifty day simple moving average is $93.69 and its 200 day simple moving average is $84.47.

About Wacker Chemie

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.