Brenntag (OTCMKTS:BNTGY) Sets New 52-Week Low – Here’s What Happened

Brenntag AG (OTCMKTS:BNTGY)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $10.29 and last traded at $10.29, with a volume of 917 shares changing hands. The stock had previously closed at $10.68.

Analyst Ratings Changes

BNTGY has been the topic of a number of research reports. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Barclays raised Brenntag to a “hold” rating in a research report on Thursday, January 15th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Brenntag has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Stock Performance

The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 16.08 and a beta of 0.75. The firm’s 50 day moving average is $12.19 and its 200-day moving average is $11.83.

Brenntag Company Profile

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.