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

Shares of LANXESS Aktiengesellschaft (ETR:LXS) experienced a modest increase of 0.6% on Thursday, trading at a high of €30.53 ($32.83) before closing at €30.33 ($32.61). The trading volume was significantly higher than average, with 494,023 shares changing hands, representing a 58% rise from the typical session volume of 312,027 shares. The previous closing price was €30.14 ($32.41).

LANXESS Aktiengesellschaft Price Performance

The company's stock currently has a market capitalization of $2.75 billion and displays a P/E ratio of -3.17. It has a price-to-earnings-growth ratio of 1.12 and a beta coefficient of 1.62. The 50-day moving average for the stock is €28.58, while the 200-day moving average stands at €26.63.

About LANXESS Aktiengesellschaft

LANXESS Aktiengesellschaft is a leading specialty chemicals company that, along with its subsidiaries, focuses on the development, manufacturing, and marketing of chemical intermediates, additives, specialty chemicals, and consumer protection products on a global scale. The company functions through three distinct segments: Consumer Protection, Specialty Additives, and Advanced Intermediates.

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

Before making any investment in LANXESS Aktiengesellschaft, it's essential to consider various factors. Current analysts have assigned the stock a Hold rating. However, there are five other stocks that are being recommended by top analysts for potential higher returns.

For a list of these highly-rated stock alternatives, please refer to further sources.

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