Brenntag (OTCMKTS:BNTGY) Sees Unusually-High Trading Volume – Here’s Why

Brenntag AG (OTCMKTS:BNTGY) saw strong trading volume on Wednesday . 146,468 shares changed hands during mid-day trading, an increase of 202% from the previous session’s volume of 48,465 shares.The stock last traded at $14.3576 and had previously closed at $14.65.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays upgraded shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $12.80.

Brenntag Trading Down 3.2%

The business’s fifty day moving average price is $12.88 and its 200 day moving average price is $12.17. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 34.60 and a beta of 0.67.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Brenntag had a net margin of 1.71% and a return on equity of 5.89%. As a group, sell-side analysts forecast that Brenntag AG will post 0.7 earnings per share for the current fiscal year.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.