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Celanese Already 5% Up, Almost One Hour Before The Market Open

(VIANEWS) – The NYSE opens in less than one hour and Celanese‘s pre-market value is already 5.92% up.

Celanese’s last close was $151.06, 5.03% under its 52-week high of $159.06.

The last session, NYSE ended with Celanese (CE) falling 0.22% to $151.06. NYSE dropped 0.15% to $17,409.30, following the last session’s downward trend on what was a somewhat negative trend exchanging session.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium for the food and beverage industry, and food protection ingredients, such as potassium sorbate and sorbic acid. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it provides redispersible powders (RDP) for use in construction applications, including flooring, plasters, insulation, tiling, and waterproofing. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

Earnings Per Share

As for profitability, Celanese has a trailing twelve months EPS of $18.6.

PE Ratio

Celanese has a trailing twelve months price to earnings ratio of 8.12. Meaning, the purchaser of the share is investing $8.12 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 33.26%.

Dividend Yield

As claimed by Morningstar, Inc., the next dividend payment is on Feb 16, 2024, the estimated forward annual dividend rate is 2.8 and the estimated forward annual dividend yield is 1.85%.

Volume

Today’s last reported volume for Celanese is 484011 which is 32.66% below its average volume of 737959.

Moving Average

Celanese’s worth is above its 50-day moving average of $148.51 and way above its 200-day moving average of $126.59.

More news about Celanese (CE).

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