Henkel AG & Co. (OTCMKTS:HENKY) Stock Price Passes Below 50 Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemHenkel AG & Co. (OTCMKTS:HENKY – Get Free Report)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.68 and traded as low as $17.70. Henkel AG & Co. shares last traded at $17.77, with a volume of 100,813 shares traded.
Analysts Set New Price Targets
Separately, Barclays downgraded shares of Henkel AG & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on HENKY
Henkel AG & Co. Trading Down 1.9%
The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $18.68 and its two-hundred day moving average price is $19.37.
About Henkel AG & Co.
Henkel AG & Co KGaA is a German multinational company headquartered in Düsseldorf that develops, manufactures and markets a broad range of consumer and industrial products. Founded in 1876 by Fritz Henkel, the company has grown into a diversified chemical and consumer goods group organized around three global business units: Adhesive Technologies, Beauty Care and Laundry & Home Care. Henkel serves industrial clients as well as retail and professional consumers through a combination of branded consumer products and business-to-business solutions.
The Adhesive Technologies unit supplies adhesives, sealants and functional coatings for industrial applications and is a major supplier to sectors such as automotive, electronics and packaging; its portfolio includes well-known product families such as Loctite.