Brenntag (OTCMKTS:BNTGY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Brenntag SE (OTCMKTS:BNTGY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.30 and traded as low as $11.93. Brenntag shares last traded at $11.95, with a volume of 61,218 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, January 17th. DZ Bank raised Brenntag from a “hold” rating to a “strong-buy” rating in a report on Friday, March 28th. Finally, UBS Group downgraded shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th.

Brenntag Trading Down 7.2 %

The stock has a market cap of $8.63 billion, a PE ratio of 14.75 and a beta of 1.02. The business has a 50 day moving average of $13.30 and a 200-day moving average of $13.01.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Brenntag had a net margin of 3.36% and a return on equity of 12.24%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Research analysts expect that Brenntag SE will post 0.9 EPS for the current fiscal year.

Brenntag Company Profile

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.