LANXESS Aktiengesellschaft (ETR:LXS) Stock Price Down 3.2% – Here’s Why

Shares of LANXESS Aktiengesellschaft (ETR:LXS) fell 3.2% on Wednesday . The stock traded as low as €27.39 ($29.77) and last traded at €27.57 ($29.97). 296,523 shares changed hands during trading, a decline of 5% from the average session volume of 312,027 shares. The stock had previously closed at €28.48 ($30.96).

LANXESS Aktiengesellschaft Trading Down 2.3 %

The company has a 50 day moving average of €27.01 and a two-hundred day moving average of €25.36. The company has a debt-to-equity ratio of 65.68, a quick ratio of 0.57 and a current ratio of 1.77. The stock has a market capitalization of $2.30 billion, a PE ratio of -2.79, a P/E/G ratio of 1.12 and a beta of 1.62.

LANXESS Aktiengesellschaft Company Profile

LANXESS Aktiengesellschaft, together with its subsidiaries, operates as a specialty chemicals company that engages in the development, manufacture, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products worldwide. It operates through three segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.