Lenzing Aktiengesellschaft (OTCMKTS:LNZNF) shares shot up 3.2% during mid-day trading on Thursday . The stock traded as high as $137.25 and last traded at $137.25. 5 shares were traded during mid-day trading, a decline of 97% from the average session volume of 189 shares. The stock had previously closed at $133.00.
Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Lenzing Aktiengesellschaft in a research report on Wednesday, February 3rd. Baader Bank raised shares of Lenzing Aktiengesellschaft to a “buy” rating in a research report on Tuesday, February 2nd.
The stock has a 50-day moving average price of $131.30 and a two-hundred day moving average price of $95.29.
Lenzing Aktiengesellschaft produces and markets botanic cellulose fibers for the textile and nonwoven sectors in Austria, Europe, Asia, the Americas, and internationally. The company operates through Fibers, Lenzing Technik, and Other segments. It offers lyocell fibers for applications in sportswear, home textiles, and mattresses, as well as hygiene articles such as wet wipes and baby wipes; modal fibers; viscose fibers for use in clothing fabrics, wipes, tampons, and wound dressings; and filament yarns under the LENZING, TENCEL, VEOCEL, and LENZING ECOVERO brand names.
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