Brenntag (OTCMKTS:BNTGY) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Brenntag SE (OTCMKTS:BNTGY - Get Free Report) shares passed 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.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BNTGY shares. Barclays upgraded Brenntag from a "strong sell" rating to a "hold" rating in a research report on Friday, January 17th. UBS Group lowered shares of Brenntag from a "strong-buy" rating to a "hold" rating in a report on Friday, January 17th. Finally, DZ Bank raised shares of Brenntag from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th.

Brenntag Stock Up 6.6 %

The business has a 50-day simple moving average of $13.25 and a 200-day simple moving average of $12.95. The company has a market cap of $9.00 billion, a PE ratio of 15.40 and a beta of 1.02.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.02). The business had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $3.84 billion. Brenntag had a net margin of 3.36% and a return on equity of 12.24%. On average, research analysts forecast 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.