Brenntag (ETR:BNR) Stock Price Breaks Below 50-Day Moving Average – Here’s Why

Brenntag SE (ETR:BNR – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of €61.59 and traded as low as €60.90. Brenntag shares last traded at €61.18, with a volume of 233,143 shares traded.

Brenntag Stock Performance

The business has a 50-day moving average of €61.59 and a two-hundred day moving average of €57.87. The company has a debt-to-equity ratio of 81.39, a current ratio of 1.70 and a quick ratio of 1.19. The company has a market cap of $9.18 billion, a P/E ratio of 16.83, a P/E/G ratio of 0.39 and a beta of 0.53.

Brenntag Company Profile

(Get Free Report)

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. The company serves customers in various end-market industries, including nutrition, pharma, personal care, water treatment, and lubricants; and home, industrial, and institutional markets, as well as coatings and constructions, polymers, and rubber industries.

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