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

Brenntag AG (OTCMKTS:BNTGY) shares saw unusually-strong trading volume on Wednesday . Approximately 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.

Wall Street Analysts Forecast Growth

BNTGY has been the topic of a number of recent analyst reports. UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Stock Performance

The firm’s 50-day moving average is $12.88 and its 200 day moving average is $12.17. The firm has a market capitalization of $10.24 billion, a PE ratio of 34.60 and a beta of 0.67.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). Brenntag had a return on equity of 5.89% and a net margin of 1.71%. As a group, equities analysts anticipate that Brenntag AG will post 0.7 earnings per share for the current 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.