Henkel AG & Co. (OTCMKTS:HENKY) Sees Large Volume Increase – Here’s What Happened

Henkel AG & Co. (OTCMKTS:HENKY) shares saw an uptick in trading volume on Wednesday . 207,285 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 115,106 shares.The stock last traded at $19.53 and had previously closed at $18.89.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Henkel AG & Co. from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Henkel AG & Co. Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 1.20. The business has a 50 day simple moving average of $18.13 and a 200 day simple moving average of $19.22.

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.