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

Brenntag AG (OTCMKTS:BNTGY) passed below its two hundred day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a two hundred 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 changing hands.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DZ Bank raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Brenntag currently has an average rating of “Reduce”.

Brenntag Price Performance

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

About Brenntag

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.