Brenntag (OTCMKTS:BNTGY) Shares Gap Down - Should You Sell?

Shares of Brenntag AG (OTCMKTS:BNTGY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $13.54, but opened at $13.15. Brenntag shares last traded at $13.15, with a volume of 388 shares changing hands.

Analyst Upgrades and Downgrades

Separately, DZ Bank downgraded shares of Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th.

Brenntag Price Performance

The business's 50 day simple moving average is $13.41 and its 200 day simple moving average is $12.94. The stock has a market cap of $9.49 billion, a P/E ratio of 16.65 and a beta of 0.89.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). Brenntag had a return on equity of 11.47% and a net margin of 3.24%. Research analysts predict that Brenntag AG will post 0.9 earnings per share for the current year.

Brenntag Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 11th. Investors of record on Monday, May 26th were given a $0.2696 dividend. This represents a yield of 2%. The ex-dividend date was Friday, May 23rd. This is a boost from Brenntag's previous dividend of $0.05. Brenntag's payout ratio is 35.44%.

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.