Brenntag (OTCMKTS:BNTGY) Stock Price Breaks Below 200-Day Moving Average Following Weak Earnings

Brenntag AG (OTCMKTS:BNTGY)’s share price passed below its 200-day moving average during trading on Wednesday following a weaker than expected earnings announcement. The stock has a 200-day moving average of $13.34 and traded as low as $13.06. Brenntag shares last traded at $13.25, with a volume of 59,364 shares traded.

The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Brenntag had a net margin of 2.41% and a return on equity of 8.30%.

Analyst Upgrades and Downgrades

BNTGY has been the topic of several research analyst reports. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Brenntag currently has an average rating of “Reduce”.

Brenntag Stock Down 3.5%

The stock’s 50-day simple moving average is $13.86 and its 200 day simple moving average is $13.34. The firm has a market cap of $9.57 billion, a P/E ratio of 22.46 and a beta of 0.61.

Brenntag Company Profile

Brenntag is a global distributor of chemicals and ingredients, connecting chemical manufacturers with customers across a broad range of industries. The company supplies both industrial and specialty products and provides services such as blending, mixing, packaging, and product formulation. Its offerings support applications in sectors including manufacturing, food and nutrition, pharmaceuticals, personal care, and water treatment. Brenntag also provides logistics, supply-chain management, and technical support to help customers source and use chemical products.