Brenntag (OTCMKTS:BNTGY) Shares Gap Down – Here’s What Happened

Brenntag AG (OTCMKTS:BNTGY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.60, but opened at $12.92. Brenntag shares last traded at $12.94, with a volume of 6,284 shares changing hands.

Analyst Ratings Changes

BNTGY has been the subject of several recent 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. Citigroup reiterated a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Finally, Barclays upgraded Brenntag to a “hold” rating in a report on Thursday, January 15th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Price Performance

The stock’s 50-day moving average is $12.05 and its two-hundred day moving average is $11.87. The company has a market cap of $9.30 billion, a P/E ratio of 20.13 and a beta of 0.75.

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.