LANXESS Aktiengesellschaft (ETR:LXS) Shares Up 0.6% - Here's What Happened

LANXESS Aktiengesellschaft (ETR:LXS) saw its stock rise by 0.6% on Thursday. During trading, the share price reached a maximum of €30.53 ($32.83) before closing at €30.33 ($32.61). In total, 494,023 shares were exchanged, marking a significant increase of 58% over the average trading volume of 312,027 shares. The previous close had been €30.14 ($32.41).

LANXESS Aktiengesellschaft Price Performance

Currently, the market capitalization of the company stands at $2.75 billion. The stock has a price-to-earnings (P/E) ratio of -3.17 and a price-to-earnings-growth (PEG) ratio of 1.12, indicating certain metrics about its valuation. Additionally, the stock has a beta value of 1.62, reflecting its volatility relative to the market. The 50-day moving average is noted at €28.58, while the two-hundred day moving average is €26.63.

About LANXESS Aktiengesellschaft

LANXESS Aktiengesellschaft operates as a specialty chemicals company with a global reach. It focuses on the development, manufacturing, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products. The company is structured into three primary segments: Consumer Protection, Specialty Additives, and Advanced Intermediates. With its diverse operations, LANXESS serves a wide variety of sectors worldwide.

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This report was generated with financial data to deliver prompt and accurate coverage. It was reviewed by a dedicated editorial team before publication.

Should You Invest $1,000 in LANXESS Aktiengesellschaft Right Now?

Before making any investment decisions regarding LANXESS Aktiengesellschaft, it might be beneficial to examine recommendations from top analysts. Currently, the stock holds a "Hold" rating among experts. However, some analysts have identified five alternative stocks that they believe offer better potential right now. Exploring these recommendations may provide valuable insights for potential investors.

LANXESS, Stocks, Market