Lenzing Aktiengesellschaft (OTCMKTS:LNZNF) Trading Down 14.5% – Here’s What Happened

Lenzing Aktiengesellschaft (OTCMKTS:LNZNFGet Free Report)’s share price traded down 14.5% on Monday . The company traded as low as $25.12 and last traded at $25.69. 897 shares changed hands during mid-day trading, an increase of 197% from the average session volume of 302 shares. The stock had previously closed at $30.06.

Lenzing Aktiengesellschaft Stock Down 14.5 %

The company’s fifty day moving average price is $31.43 and its 200 day moving average price is $34.26.

About Lenzing Aktiengesellschaft

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Lenzing Aktiengesellschaft, together with its subsidiaries, produces and markets wood-based cellulosic fibers for the textile and nonwoven sectors, and industrial applications. The company operates through Division Fiber, Division Pulp, and Others segments. It offers lyocell and modal fibers for applications in textiles products, such as denim, activewear, and lingerie and underwear; hygiene articles, which include baby wipes, facial sheet masks, and surface cleaning; and protective wear, engineered products, and packaging products under the LENZING, TENCEL, VEOCEL, and LENZING ECOVERO brand names.

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