Brenntag (OTCMKTS:BNTGY) Shares Gap Down - Time to Sell?

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 trading hands.

Wall Street Analysts Forecast Growth

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

Brenntag Price Performance

The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 16.71 and a beta of 0.87. The stock's 50 day simple moving average is $13.44 and its 200-day simple moving average is $12.95.

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

Brenntag Increases Dividend

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

About Brenntag

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.